Bitcoin (BTC) price has been stuck in a falling wedge pattern for the past two months and during this time it has tested the $37,600 support on multiple instances.
Adding to this “bearish” price action, BTC is down 16% year-to-date, which is in line with the Russell 2000s performance.
The real driver of Bitcoin’s current price action is investors’ concerns about worsening macroeconomic conditions. Professional investors are worried…
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