News about geopolitical tension between Iran and Israel caused wild swings in Bitcoin on April 19. Although the price dipped below $60,000, the bears could not keep the price down. This suggests that the bulls are trying to flip the $60,000 level into support. CryptoQuant head of research Julio Moreno said in a X post that the selling pressure may be reducing as traders unrealized profit margins were “basically zero” near $60,000. “Trader’s realized price” has acted as a strong support during bull markets, Moreno added. Traders seem to be focusing on the long-term prospects of Bitcoin post halving. According to ... (full story)