NEO Elliott Wave technical analysis NEO/ U.S. dollar Trading Strategy: Wave Y declines, which is the last wave in the double corrective pattern before prices re-enter the uptrend. We expect that Wave Y may have ended at the 10.30 level, so look for an opportunity to join the uptrend again. Bitcoin steadies around $61,000 after liquidations on Defi platforms exceed $1 million Bitcoin price trades above $61,000 on Wednesday after rebounding 2.
Bitcoin spot ETFs registered inflows of $31 million on Tuesday, snapping a streak of seven consecutive days of outflows. In the US, Congressman Matt Gaetz proposed legislation enabling federal income tax payments with Bitcoin, while in Europe the German Government's transfer of 400 BTC, valued at $24.34 million, added to the recent selling pressure.
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