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Will plummet deepen in Bitcoin: Analyst says danger bells are ringing!
Recent data points to deeper declines and increased volatility in Bitcoin (BTC).
Bitcoin focused on a remarkable piece of data. The analyst, who included the number of Bitcoin in the profit on the market, stated that the current data started to ring danger bells.
According to this data, the analyst pointed out that there are Bitcoin positioned in the market with a lot of profit, and argued that the current situation prepares a striking ground for possible selling pressures.
Historically, whenever this data reaches high levels, it is followed by a wave of selling and high volatility, warning investors to be careful:
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