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Bitcoin sparks liquidations as analyst says BTC price may dip 12% more

April 17, 2023


Data from Cointelegraph Markets Pro and TradingView showed BTC/USD wicking to $29,247 on Bitstamp — its lowest in a week.

Gains for Asian stocks failed to rescue the losses on the day, these beginning immediately after the April 16 weekly close.

Traders, many of whom had predicted a retest of $30,000 support, were unsurprised, with many hoping that the event would form a “buy-the-dip” opportunity before Bitcoin moved higher.

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