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Bitcoin Shot to $29.523 Level!! Will BTC Continue to Drop?
At the time of writing, Bitcoin (BTC), which is traded at $ 29,750 as of 23:15 TSI, started to force the bottom support levels after 27 days of accumulation. Bitcoin tried $29,500 again in the last hours.
Although many altcoins are at their lowest levels in history, the fall of Bitcoin to 25 thousand dollars again may cause altcoins to lose their ATL levels.
Tomorrow is a Critical Day for Bitcoin (BTC)!
As of tomorrow, the US Securities and Exchange Commission (SEC) will announce the start of the spot Bitcoin ETF application process in the official journal of the US government.
Apart from the Spot Bitcoin ETF developments, Tesla's 2023 Q2 financial reports, founded by Elon Musk, will be announced tomorrow night. In line with these reports, it will be revealed whether Musk has bought or sold BTC in the last 3 months.
The US government recently sold 9,000 BTC. In the coming days, it should not be forgotten that the USA may officially announce that it is selling Bitcoin.
The results of these developments will determine the direction of the breakdown in Bitcoin.
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