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Crypto

Bitcoin Price Slips as Middle East Uncertainty Weighs on Market Sentiment

Guavy AI Editorial Team
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BTC
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Bitcoin (BTC) struggled to maintain its momentum on Monday, slipping 2.2% in the past 24 hours as renewed uncertainty around Middle East diplomacy weighed on market sentiment.

The price of Bitcoin hovered around $83,000, a significant level but one that may not hold for long according to technical analysis.

Weakening momentum and bearish divergences in the charts point towards a possible short-term correction before any recovery, signaling near-term market risk for traders and participants in DeFi and CEX/DEX markets.

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