Bitcoin dips 3% as analysis says $70K BTC price ‘not obviously bearish’

Bitcoin lost its grip on $70,000 amid inflation and recession talk as analysis suggested that BTC price action lacked “outright stress.”

Bitcoin (BTC) daily losses approached 3% at Thursday’s Wall Street open as markets stayed on edge over fresh Iran tensions.

Key points:

Bitcoin slips from $70,000 as markets continue to observe Iran developments.

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