Bitcoin is consolidating across the $109,000 degree as merchants predict an upward momentum over the upcoming weeks.
Notable Statistics:
- Coinglass information exhibits 140,035 merchants had been liquidated up to now 24 hours for $418.82 million.
- Up to now 24 hours, prime gainers embrace Zcash, Bittensor and Aster.
Notable Developments:
Dealer Notes: Stockmoney Lizards observed sturdy liquidity between the $100,000 and $107,000 vary, marking it as a key demand zone with heavy purchase and promote exercise.
ShardiB2 cautioned that Bitcoin’s weekly chart “doesn’t look that unhealthy” when zoomed out.
Javon Marks noted that Bitcoin stays in a bullish pattern, with the potential for a 13%+ transfer that would push costs above $126,219 and set new all-time highs, emphasizing that BTC is at the moment bullish.
CryptoBullet pointed out a large bearish divergence on the weekly RSI, calling it a “true horror sight” for merchants.
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