Bitcoin Price Drops Below $27K After 'Death Cross', Analysts Watch for Support at Key Levels
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Bitcoin price dropped below $27K, erasing early October gains after 'death cross' formed between key moving averages.
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Popular analysts say $27K and $26.8K are key levels to watch, with bearish outlook if support fails.
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Lower timeframe recoveries need to be spot-driven for strength according to some.
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Possibility of pre-halving 'macro low' around $20K as BTC repeats 2019 price behavior.
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Current price action fuels conservative views on how BTC may trade in coming months.
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