Local highs of $30,025 were short-lived, with bulls unable to maintain momentum or hold the market above levels previously identified as pivot points.“I’d like to see $29.
3K hold on LTF and then a clean break through $30K,” Michaël van de Poppe, founder and CEO of trading firm Eight,Popular trader Skew revealed the impetus behind the overnight action, with market makers and market takers battling it out to steer trajectory on lower timeframes.
Local highs of $30,025 were short-lived, with bulls unable to maintain momentum or hold the market above levels previously identified as pivot points. These included both $30,000 and $29,500, with Bitcoin trading below both at the time of writing.
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