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Short-term thesis: bullish, with high volatility
The price of bitcoin (BTC) has fallen over the weekend. The digital currency, which had been struggling for several days to reach $45,000, finally had a marked correction and trades, at press time, at just over $42,000. Hours earlier, it had traded close to $40,500.
This market movement, although it has left some downside along the way (more than $300 million of leveraged traders liquidated on crypto exchanges) can be considered a usual and even healthy correction within an uptrend. The short-term goal of $45,000 remains in place for BTC and could be sought in the coming days or weeks.