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Bitcoin Below $60K in a ‘Funding Reset’ Move, Tests Key Support: Experts

Market appeared quite complacent and due for a pullback, observers said.

Updated May 11, 2023, 5:27 p.m. Published Nov 16, 2021, 11:30 a.m.
Bitcoin's daily chart showing a drop to the 50-day moving average on Nov. 16 (TradingView)
Bitcoin's daily chart showing a drop to the 50-day moving average on Nov. 16 (TradingView)