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Bitcoin: A potential +38% rally for ‘bleeding’ BTC could be in play if…

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Bitcoin [BTC], the king coin has gone below the $20,000 level, losing its much-respected price milestone. The United States Federal Reserve’s comments on the inflation outlook saw Bitcoin witnessing the brunt of a sell-off.

At press time, the world’s flagship crypto was changing hands at $19,227 on CoinMarketCap.At press time, the Fear and Greed Index recorded an ‘extreme fear’ sentiment on their indicator which doesn’t come as a surprise.

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