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Bitcoin Drops Below $63K

Bitcoin has provided a lot of false hope last week after surging from $60k to $65k. While Bitcoin broke above $63k last week, the price has now dropped back below $63k again. This is now considered a false breakout, and BTC is at risk of more downside. I think we can see some downside for BTC in September, and I would be careful of a steep correction in Sept as well. Best case scenario is BTC bottoms out in September and the bull run starts in October.

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