Bitcoin price dips below $17K as recession fears rise to the surface

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These realizations led to a mixed day in the traditional markets as stocks fell under pressure early on Thursday and spent the remainder of the day trying to claw their way higher. At the close of markets, the S&P and Dow finished in the red, down 0.09% and 0.56%, respectively, while the Nasdaq managed to put on a gain of 0.13%.

“Price action this week has seen a bullish upside ‘breakout’ on the daily chart to suggest a market bottom is in place and that prices can now move still higher in the near term,” Wyckoff added, highlighting that “Bulls have gained the near-term technical advantage.” The market is currently pricing $BTC at $16k because the second-largest crypto exchange in the world blew up after a couple of kids in the Bahamas fucked around and found out.— AngeloƉOGE December 1, 2022 Altcoins enter consolidation

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