Bitcoin's Bullish Momentum Despite Key Indicators Cooling

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Bitcoin price could drop below $50,000 in the coming weeks or months, according to multiple technical signals.

Bitcoin’s BTC tickers down $61,105 price has declined by around 3.70% week-to-date to reach approximately $61,650 on May 9. That is approximately 16.50% lower after setting a new record high of around $73,835 on March 14.

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