0700 GMT - The possibility of a bearish long-term scenario for bitcoin can't be ruled out, writes ING analyst Roelof-Jan van den Akker. Bitcoin is down over 15% since touching $87,000 on Sept. 23, and Van den Akker says investors should be prepared for a market that remains vulnerable to renewed downside pressure, based on technical analysis. "While prices could temporarily stabilize within the $62,660-$58,020 support area, such consolidation would not necessarily invalidate the risk of a subsequent and more substantial decline," he writes. Bitcoin is 0.2% lower at $73,594.
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