Bitcoin Price Drops 4% to $36K Amid Low Liquidity; Further Downside Possible Before Potential Rebound
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Bitcoin price dropped 4% to $36,470 amid low liquidity above $33K based on analysis.
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Price action is repeating previous volatility and downward moves when bulls failed to hold new highs.
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Path of least resistance appears to be further downside until more buy liquidity appears around $33K.
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Weakness in US dollar index provides positive backdrop for crypto assets.
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Analysts maintain Bitcoin could still retest highs around $38-40K but time running out due to ETF deadline.