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- Bitcoin price loses support at $32,000 and losses under $30,000 beckon.
- The bearish call is short-term but could intensify amid investors panicking.
Bitcoin price seems to have accepted that recovery is not possible at this momentum in time. Despite holding above $32,000 last week, this support has been overwhelmed amid the ongoing mid-week trading session. Thus, Bitcoin is teetering around $31,800 while bears tighten their grip.