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Renewed Bitcoin Market Swoon Has Put Price Support At $13K in Crosshairs: Technical Analysis

Bitcoin has now broken below $18,000, which was an area of support in recent weeks. The next levels to watch are $13,500 and $12,500, analysts at Morgan Stanley said.

Bitcoin's renewed soon has Morgan Stanley analysts focusing on support at $13,000. (Morgan Stanley)
Bitcoin's renewed soon has Morgan Stanley analysts focusing on support at $13,000. (Morgan Stanley)