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Up or down? These Bitcoin price levels hint at the next move from $13K

 


For the price of Bitcoin, it was an amazing month when the price rose from $ 10,500 to $ 13,800. However, growth has slowed in recent days amid growing fears over the coronavirus. Bitcoin (BTC) price dropped from $ 13,800 to $ 12,900 on October 28, making the recent breakout false.

Along with the correction in cryptocurrency markets, the stock and commodity markets also showed weakness. Since the S&P 500 was down 4% on October 27, silver also corrected 6%. The only relatively good asset was the US Dollar Index (DXY). In other words, investors are rushing to the dollar again in search of safety.

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