Bitcoin funding hits 2023 lows – Why $80K is BTC’s next big test
Bitcoin approached the cost basis of short-term whales, which could trigger a wave of selling.
Bitcoin approached the cost basis of short-term whales, which could trigger a wave of selling.
Bitcoin approached the cost basis of short-term whales, which could trigger a wave of selling.
7-day moving average of the exchange netflows saw a sharp uptick over the past week.
Bitcoin Cash witnessed strong momentum, trading volume, and high Open Interest recently as it rallied to $474.
Ethereum presented contrasting evidence, with whales preferring to go short, even as long-term holders continued to accumulate
XMR bulls must keep control of the $340 demand zone for the short-term uptrend to continue.
The momentum and buying pressure could propel M prices beyond the $5 psychological resistance.
Even a breakout past $0.008 might struggle to keep the run going beyond $0.0105-$0.012
The rising Open Interest over the past three weeks signaled increased speculative confidence in BTC's bullish short-term trend.
The 4-hour chart highlighted a bullish structure, but traders should avoid FOMO buying the altcoin right away.
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© 2018 JNews by Jegtheme.