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In an earlier post, Ali observed that Bitcoin long-term holders are exhibiting"fear" amid concerns of a large BTC price fall. This might be a reason for the This, however, has a silver lining. Most Bitcoin rallies in recent months were fueled by a short squeeze, a rally triggered by the unwinding of short positions.BTC was up 0.72% in the last 24 hours to $28,598 at the time of writing. The $28,000 milestone, according to Glassnode cofounder"
First and foremost, the crypto market is dependent on Bitcoin's ability to breach and constantly hold a value above $28,000. Second, this price point is crucial in the greater scheme of things, as price thresholds are not just numbers; they signify investor sentiment and market dynamics.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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