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Bitcoin analyst sees $66K 'local bottom' as BTC price liquidates $200M
Bitcoin faces a “more profound pullback” after weekend BTC price weakness cost longs $200 million. In his latest market analysis on X, popular trader Titan of Crypto joined those warning of a deeper correction on BTC/USD. Bitcoin continues to struggle after rejecting near all-time highs of $73,800 earlier this week. Market nerves over the upcoming United States Presidential Election have compounded an already overheated Bitcoin trading environment where open interest hit record highs. Now, observers see the risk of further BTC price retracement before its uptrend resumes. “Local Bottom at $66,200 Before a ... (full story)
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- Posted: Nov 3, 2024 8:02am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 147
