This Grim Pattern Indicates Bitcoin Is Ready to Plunge Towards $9,500

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There’s an air of uncertainty within the crypto market, with most altcoins plunging lower as Bitcoin continues consolidating Analysts seem to be unsure of where the benchmark cryptocurrency will trend in the near-term, as it has yet to make any decisive movements One trader is noting that BTC is currently in the process of undergoing a bearish technical cross between two of its moving averages He notes that this could open the gates for a move significantly lower, even setting his sights on $9,500 Bitcoin and most altcoins are consolidating as investors remain uncertain about the market’s outlook. The stock market has been able to stabilize over the past couple of days, which is a positive development that may remove some of the pressure that was previously being placed on BTC. Although it still remains unclear as to where the entire market will trend next, one analyst observed that Bitcoin’s…

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