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Options data shows Bitcoin’s short-term uptrend is at risk if BTC falls below $23K

Investors’ fleeting optimism reverted to a sellers’ market on Aug. 17 after BTC dumped and tested the $23,300 support. The negative move took place hours before the release of the Federal Open Markets Committee (FOMC) minutes from its July meeting. Investors expect some insights on whether the Federal Reserve will continue raising interest rates.

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Source: Cryptocurrency - investing.com

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