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Bitcoin is in for a “Severe Correction” as Open Interest Skyrockets

Bitcoin is in for a “Severe Correction” as Open Interest Skyrockets

Bitcoin’s intense downtrend appears to be far from being over, as the benchmark cryptocurrency’s bulls were unable to support BTC above a critical support level that was ardently defended throughout yesterday. It now appears that the break below this level has put the crypto in precarious territory, potentially opening the gates for significantly further near-term downside.







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