# Bitcoin update!!

By [Neon](https://paragraph.com/@neon-3) · 2023-03-28

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#Bitcoin Update (Continuous)

🔹In our previous post, we informed you that Bitcoin was forming a Doji candle, which is typically interpreted as a reversal sign.

🔹As expected, the market has started dropping following the formation of the Doji candle.

🔹Another factor contributing to the recent downturn is the news that Binance and its CEO are being sued by the US CFTC over alleged regulatory violations.

🔹Given the current volatility of the market, it is important to exercise caution and trade safely.

Stay tuned for more info!!

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*Originally published on [Neon](https://paragraph.com/@neon-3/bitcoin-update-6)*