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    Slides 4% Amid Bitcoin Selloff, but Cup-And-Handle Setup to $5 Intact

    KryptonewsBy No Comments1 Min Read

    Token retreats from $3.02 resistance in a volatile August 28–29 session as distribution pressure meets fresh accumulation at $2.85–$2.86 support.

    By Shaurya Malwa, CD Analytics

    Updated Aug 29, 2025, 2:47 p.m. Published Aug 29, 2025, 2:47 p.m.

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    Bitcoin Hammered Below $109K as Conference Indicator Strikes Again

    Negative price action around the annual U.S.-based Bitcoin Conference has been well-documented, but it also appears to have applied to this week’s Bitcoin Asia get-together.

    What to know:

    • Bitcoin has shown a clear pattern of poor price performance around Bitcoin Magazine’s U.S.-based Bitcoin Conference.
    • Similar action is being seen around that group’s Bitcoin Asia conference this week.
    • Bitcoin has tumbled to its lowest level since July at $108,400.

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