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The fall in the prices of cryptocurrencies in bitcoins ($ BTC USD) has strategists who see $ 20,000



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Another bad week for bitcoins could be a precursor to more pain, according to strategists monitoring the cryptocurrency sell-off.

Further weakness in its price could show the $ 20,000 zone as a negative target, according to Oanda Corp., Evercore ISI and Tallbacken Capital Advisors LLC. Bitcoin fell about 2% to $ 33,000 at 11:23 a.m. in Hong Kong and fell about 10% in June.

The largest cryptocurrency is “dangerously close to the $ 30,000 level”

; amid growing regulatory fears in the United States, and “a $ 30,000 breakout could lead to huge momentum,” said Edward Moya, a senior market analyst at Oanda Corp.




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