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Bitcoin Is Off on US Holiday and Could Fall Further

Bitcoin Is Off on US Holiday and Could Fall Further

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Pankaj Balani, CEO of the crypto derivatives alternate Delta Exchange, stated that bitcoin is weak to falling additional as a result of shopping for demand is absent. “We are not seeing any bottom fishing at these levels, and the interest to own bitcoin risk around $40,000 remains low,” Balani advised CoinDesk’s Omkar Godbole in a WhatsApp chat. “We could retest $40,000 and should that break, we can see a fresh round of selling come through.”

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