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BTC price to fill $117K CME gap? 5 things to know in Bitcoin this week
Bitcoin price action wasted no time boosting the bulls after the weekly close. A swift surge took BTC/USD beyond $122,000, and local highs of $122,312 on Bitstamp came before a retracement began, per data from Cointelegraph Markets Pro and TradingView. In doing so, Bitcoin liquidated over $100 million in short positions as it took out a wall of liquidity just below all-time highs. Data from monitoring resource CoinGlass now shows resistance being added at $123,000 and above. Reacting, market participants were relieved but cautious. BTC/USD, they argued, could well trend back down to consolidate gains before attacking ... (full story)
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