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Bitcoin’s 60% Rally From July Lows May Be Running Out of Steam

  • Chart patterns signal token struggling at lines of resistance
  • Cryptos under pressure Thursday amid caution in global markets
A digital currency trading store in Hong Kong.

A digital currency trading store in Hong Kong.

Photographer: Paul Yeung/Bloomberg
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Bitcoin’s burst above the $50,000 level didn’t last long, and chart patterns signal its rally since July is at risk of fading.