BTC price analysis warns that "downside is the path of least resistance" despite Bitcoin rebounding from its latest dip.Market dynamics revealed arguments for both fresh bullish momentum and a continued correction.
“Yesterday's ETF net flows saw a minor net inflow at +$15.6M. $GBTC saw a net outflow of -$350.1M,” popular trader Daan Crypto TradesAt the same time, a lack of bid liquidity below spot price kept the odds of a return to lower support levels in play. “With last week's close at $68.9k and last month's close at $61.1k we could see one or both of those levels challenged relative to the candle close/open on Sunday,” he added.Flipping $20,000 over a two-week period in 2020, for instance, was what allowed Bitcoin to explore new all-time highs on and off for the subsequent eleven months.With the next due in mid-April, Bitcoin should be in the midst of its “pre-halving retracement” phase, with a “post-halving reaccumulation phase” to follow.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Bitcoin levels to watch next as BTC price risks sub-$60K retestBitcoin heads to FOMC with further downside and BTC price warnings involving a trip below $60,000.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »