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History of Bitcoin Slumps Makes $20,000 Realistic Target

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Bitcoin Touches 11-Month Low

Crypto fans desperate for a floor in Bitcoin’s selloff may have to be patient. Every significant slump in the largest cryptocurrency since 2014 has reached the 200-week moving average. That lies close to $20,000 -- or about 35% below Bitcoin’s current price, which is already down by a similar percentage in 2022.

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