Bitcoin Drops Below $74,000 After Higher-Than-Expected CPI: Analysts Warn of a Drop to $70,000
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The price of Bitcoin has fallen below $74,000 after an October CPI that exceeded expectations, with analysts predicting a possible drop to $70,000. The 200-day moving average at $73,200 is a crucial support level. Ethereum and Solana are experiencing significant declines. November is historically the best month for BTC with average gains of 34.4%.