How low can Bitcoin go next?

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The Bitcoin price saw a 19% drawdown in August, marking its largest drop for 2024 and its steepest monthly decline since June 2022.

Bitcoin crashed below $50,000 after the Bank of Japan announced that it was raising its interest rate from 0% to 0.25%.

This decision directly impacted the US stock market, as traders were borrowing Japanese Yen at low interest rates to buy assets in the US market. A shift in this paradigm has directly impacted risk assets, with BTC experiencing further corrections. 

Bitcoin price repeats "lower high” trend from Q2



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