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Bitcoin Rally Pauses, Traders Await FOMC Minutes
Following a breakout move higher last week, Bitcoin futures have stalled for now into a test of the 53385 level. However, with BTC whales (accounts holding +1000 BTC units) seen adding bullish positions in recent weeks, sentiment has shifted firmly to the upside and focus is on a fresh push north. The initial correction lower, seen on the back of SEC spot-Bitcoin ETF approval in January, was seen abating over late January and has now given way to a fresh period of demand. On the back of the almost 40% rally off the January lows, the market is now awaiting a fresh bullish catalyst. Looking ahead today, focus will be ... (full story)