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Bitcoin today has entered a new volatility range that could be very significant for traders. The price of Bitcoin has dropped by 6% in the last 24 hours, falling below $99,000. This price decline might indicate a market correction, especially considering the upcoming FOMC meeting in the US, where no interest rate reduction is expected. In technical analysis, Bitcoin's RSI on the daily timeframe has approached the oversold territory, which could be a sign of a potential recovery. Key support levels are at $95,000 and $90,000, which need to be watched closely. If these support levels hold, there's a chance for the upward trend to continue; however, if these supports break, we might see further declines. 5 replies
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