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BTC Pulls Back on Friday Profit-Taking
Bitcoin price are pulling back from recent YTD highs as we approach the weekend. After topping out ahead of the 37030 level, BTC prices have since shed around 6%. The move comes despite recent weakness in USD and can be attributed to profit taking on the recent bull move which saw BTC breaking out to fresh YTD highs this week. Data from crypto information platform Coinglass shows massive liquidation of longs over the last two days, reflecting a profit taking run ahead of the weekend. ETF Excitement Brewing Despite the current selling, sentiment has turned firmly bullish in BTC recently linked to ongoing speculation ... (full story)
