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crypto market crashCoinGape
•Business
Business & Economics
61% Informative
Bitcoin price has crashed by 4.5% taking a dip to $ 80,350 levels as market sentiment turns bearish just ahead of the US CPI data release this week .
Veteran trader Peter Brandt highlights a bearish pennant pattern and a double top formation in Bitcoin price chart.
Support at $ 81,513 appears fragile, with potential targets of $ 78,000 or $ 75,000 .
Institutional interest in Bitcoin continues to wane, with $799 million in net outflows from Bitcoin spot ETFs last week .
February ’s U.S. consumer price data is expected to reflect gradual progress in controlling inflation.
VR Score
38
Informative language
24
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27
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formal
Language
English
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44
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Attention-grabbing headline
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Known propaganda techniques
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Time-value
short-lived
External references
3
Source diversity
3
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