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Bitcoin nears 4.5 percent threshold as 2020-style signal reemerges

Bitcoin appears to be at an important turning point after a muted decline, with an analysis highlighting a rare historical signal seen ahead of the 2020 bull market. The cryptocurrency is about 4.5 percent down year on year, and a similar-sized rise could turn the annual change positive. Technical patterns and moving averages point to a possible breakout, while on-chain exchange inflows have dropped sharply and derivatives data show heavy short liquidations.