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Bitcoin Price Prediction as BTC Falls Below $17,000 – How Low Can it Go?

The BTC/USD pair is currently trading sideways, with a narrow range of $16,750 to $16,900 on December 8. However, Bitcoin's price prediction remains bearish due to a breakdown of an upward trendline. This year, Bitcoin h...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Bitcoin Price Prediction as BTC Falls Below $17,000 – How Low Can it Go?
The BTC/USD pair is currently trading sideways, with a narrow range of $16,750 to $16,900 on December 8. However, Bitcoin's price prediction remains bearish due to a breakdown of an upward trendline.
This year, Bitcoin has dropped 75% from its previous high of $69,000. The cause of these losses could be attributed to various factors, such as the collapse of FTX and increasing selling pressure from whales reducing their inflow volumes. ...
Read More: Bitcoin Price Prediction as BTC Falls Below $17,000 – How Low Can it Go?

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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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