BTC Faces $20K Crash Threat: What to Watch in Bitcoin This Week

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Bitcoin traders rapidly adjust their short-term BTC price outlook as support fails and BTC/USD heads further below $100,000.

Bitcoin starts Christmas week at a bearish crossroads as BTC price support thins and forecasters see a chance of a major dip.

A “bearish engulfing” on weekly timeframes makes traders nervous over the short-term outlook for BTC/USD.

Targets for a possible deeper correction include a return to near former all-time highs of around $74,000.

US jobs data lead a quiet macro week, but markets are still reeling from last week’s hawkish Fed meeting.


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