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Bitcoin loses key support in crypto rout, Ran Neuner notes

Bitcoin loses key support in crypto rout, Ran Neuner notes
Bitcoin faces liquidation and further downside

Bitcoin has suffered five consecutive weeks of losses and over $1 billion in liquidations across the crypto market within 24 hours.

Ran Neuner, founder of Crypto Banter, said the data suggests the selling may not be over and expressed the view that a final capitulation leg for Bitcoin could be forthcoming.

Neuner previously noted that U.S. inflation rose to 3.7 percent, with bond yields spiking above forecasts. He has also observed that certain altcoins were showing strength while Bitcoin faced market corrections. These comments come as traders watch for further volatility.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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