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Bitcoin trader sees 'lower soon' as BTC price starts to erase $74K breakout
Bitcoin gave back some gains at Thursday’s Wall Street open as traders hoped that bidders would step up. Data from TradingView tracked 1.5% BTC price downside on the day as the market fell further from $74,000 local highs. Now in the process of testing key long-term levels as potential new support, BTC enjoyed waning sell-side pressure on crypto exchanges. “Binance spot orderbook depth has quite strong bid side, OB imbalance also not as negative as it should be, so staying bullish,” X commentator Exitpump wrote in its latest analysis. Trader Castillo Trading noted improving conditions on longer time frames. ... (full story)
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