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Key points:
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Bitcoin spot selling keeps a $60,000 retest open as a short-term outcome.
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Several major altcoins risk resuming the downtrend, indicating a negative investor outlook.
Bitcoin (BTC) has again come under pressure, dropping below the $66,000 level during the early hours of the US trading session. According to Kaiko Research, a 52% retracement from the all-time high was “unusually shallow,” and a drawdown of 60% to 68% was more in line with previous bear market cycles. That suggests BTC might…
