Bitcoin threatens an outside day after a 4% drop ...Middle East

The bulls quickly took profits after a failure to break the May or June highs and it's starting to look like a series of lower highs are forming on the chart. There are also some higher lows this month so it's not decidedly bearish but some caution is warranted.

The larger risk trade is also slipping today on fears of the US getting involved in the Iran-Israel war.

This article was written by Adam Button at www.forexlive.com.

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