(Kitco News) – Bitcoin-U.S. dollar prices are sharply down and hit a four-week low in early U.S. trading Thursday. High anxiety in the general marketplace has the BC bulls seeking their own safe-haven—bailing out. This has happened in the recent past: Bitcoin is touted as a safe-haven asset, but when times get really troubled, the crypto cannot perform. The BC bears have regained the firm near-term technical advantage, to suggest the path of least resistance for prices will remain sideways to lower in the near term. Stay tuned!
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