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Bitcoin Starting to Trend Down After Neutral Weekend Price Action

Bitcoin was neutral over the weekend, trading sideways around the $64,000 price level. Today BTC is starting to trend back down, forming a correction after last week’s bullish rally. I have $63k as a key level to monitor, BTC might flip $63k into a support level before trending up higher. The next key target is $69k is BTC manages to rally higher. I think BTC is likely to trend back down in September for another buy opportunity around $51k – $54k.

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