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BTC/USD price action analysis: Potential for the fruther drop towards the mean [Video]

Bitcoin (BTC/USD) may face a downturn as it hits 2 standard deviations above its mean, signaling a potential reversion to the mean. Traders should prepare for a possible drop, capitalizing on the statistical likelihood of price correction. Stay informed on BTC/USD market trends for profitable trading opportunities.

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Petar Jaćimović

Petar Jaćimović was born on 8 July 1989 in Jagodina, Serbia.

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Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.