Bitcoin All-Time Highs A 'Stone's Throw Away' If It Starts Closing Above This Price, Predicts Trader
Portfolio Pulse from Khyathi Dalal
Bitcoin traders predict potential all-time highs if Bitcoin closes above $71,000, but warn of short-term corrections. Key levels and market conditions are highlighted, with a focus on price, momentum, and volume. Open interest and transaction volume data provide additional context.
June 05, 2024 | 11:40 am
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Bitcoin traders predict potential all-time highs if Bitcoin closes above $71,000, but warn of short-term corrections. Key levels and market conditions are highlighted, with a focus on price, momentum, and volume.
Traders highlight the importance of Bitcoin closing above $71,000 for a bullish trend, while also noting potential short-term corrections. This dual perspective suggests a likely increase in volatility and potential upward movement if the key level is breached.
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