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Bitcoin Slide Revives $49K Cycle-Low Thesis

2026-07-02 01:07:49

Bitcoin traded around $58,600 on July 1 after falling more than 19% over 30 days. The author said a $49,000 path needs acceptance below the high-$50,000s and confirmation from ETF demand, leverage, miner pressure, and spot absorption.

BTC2.48%

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