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April 2 Bitcoin Update – BTC Lost Support Last Night

Last night $BTC had a quick and steep decline after losing support within the red zone. $BTC is forming a rebound above the white trendline. I think this could turn into a dead cat bounce, and there is risk of further decline to between $62.5k to $63k. The price action has been trading between $60k and $73k since the end of February, I think the market is trying to find a direction still.

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