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Bitcoin Price Pattern Points to a Crash to $62k as Fed Cut Odds Fall to 54%

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Bitcoin price continued its strong freefall this week as investors in the crypto and stock markets embraced a risk-off sentiment. The coin plunged to a low of $95,000 and is on track to fall for the third consecutive week. This plunge could continue as ETF outflows and as the Federal Reserve cut odd fall on Polymarket.