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Bitcoin extends its decline to almost 7%

Bitcoin daily

It’s an ugly situation for Bitcoin, as it fell almost 7% on the day to a low of $65,239. Since then, it has recovered slightly thanks to support near the April low.

The halving is imminent and Bitcoin bulls are hoping it will be a catalyst around April 20, but the technical picture is one of consolidation and waiting for a breakout up or down.

Particularly hard hit today is ETH, which is now flirting with the March low with a 10% decline.

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