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Bitcoin, Ethereum Technical Analysis: BTC Moves to Fresh Multi-Week Low Following Silvergate Liquidation Announcement – Market Updates Bitcoin News

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BTC hits new 3-week low, following Silvergate bank liquidation announcement.

) fell for a fourth straight session on Thursday, as markets reacted to news that Silvergate Bank will be liquidating its operations./USD slipped to an intraday low of $21,609.99 earlier today.

The decline in price pushed bitcoin to its lowest point since February 13, when it traded at a bottom of $21,366.Looking at the chart, this latest sell-off coincided with the 14-day relative strength index falling to its lowest point since November 28.Despite this, remains above its own floor at $21,600, and should this zone hold steady, there is a chance prices could rebound heading into the weekend.

 

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Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist – Bitcoin News'Silvergate believes an orderly wind down of bank operations and a voluntary liquidation of the bank is the best path forward,” the bank said. SilvergateBank Crypto Totally agree, but I only use ChiefraFba for signals and analysis Bear market still taking it's victims, but the space will be cleaner and stronger after this.
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