Cointelegraph By William Suberg
Bitcoin refuses to budge after the latest U.S. macro data, but a six-figure BTC price is waiting the wings, analysis claims.
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Bitcoin may still be trading above $60,000, but network fundamentals are already showing the strain as BTC price gains fail to materialize.
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Bitcoin may be preparing for trend continuation, but on short timeframes, BTC price behavior is inspiring no one.
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Bitcoin exchanges are seeing the kind of daily inflows more associated with BTC prices under $1,000.
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Bitcoin market participants are doubting the staying power of the ongoing BTC price relief bounce.
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Bitcoin bulls welcome some BTC price relief while whales get busy accumulating nearly 50,000 BTC at the local lows.
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Bitcoin bulls have “lots of work to do” as they attempt to claw back lost ground after two-month BTC price lows.
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Bitcoin bulls see signs of the worst being over as a BTC price bounce gathers pace toward $60,000.
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Bitcoin traders feel the sting of $160 million liquidations as BTC price returns to levels not seen since February.
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Bitcoin bears are out in force with BTC price trajectory quickly headed back to $60,000.
cointelegraph.com
