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Is The Bottom In For The Bitcoin Price? – Bitcoin Magazine


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Below is an excerpt from a recent issue of Bitcoin Pro Magazine, Bitcoin Magazine of Premium market newsletter. To be among the first to get these insights and other online bitcoin market analysis straight to your inbox, follow now.

Maximum pain: Still in front of us

Words of the day are pain. Those were the favorite words of Federal Reserve Chairman Jerome Powell during the Federal Open Market Committee meeting in September. A simple economic release and subsequent press conference sent the market into a period of mild panic with rates surging higher, volatility heating up, and stocks selling off with bitcoin afterward. The S&P 500 index lost key support at 3850, bitcoin was brought back to a local low of $18,100, and 2-year Treasuries are up more than 4.1%.



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