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Bitcoin Correction Could Deepen - Bulls Eye $60k Level as Next Key Buy Zone

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Market Analysis by Investing.com (Damian Nowiszewski) covering: BTC/USD, Bitcoin. Read Investing.com (Damian Nowiszewski)'s Market Analysis on Investing.com

Since January, there's been a noticeable trend of funds exiting digital currency platforms, with the third-largest outflow recorded on March 27.

Since January, there has been a noticeable trend of funds moving out of digital currency trading platforms, with no sign of slowing down in March. On March 27 alone, we saw the third-largest outflow of funds in history, totaling 22,000 coins worth $1.54 billion. Interestingly, despite the official halving yet to occur, Bitcoin's price has already reached new highs, deviating from historical patterns. This suggests that the market may have already priced in much of the expected movement during the current phase.

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