Home Bitcoin News Bitcoin Sees Weak point at $29K as Merchants Assess Fed Minutes – CoinDesk

Bitcoin Sees Weak point at $29K as Merchants Assess Fed Minutes – CoinDesk

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“A proper break of consolidation past the earlier native extremes, that are situated at $30,200 and $29,300, in a pointy transfer would set off a wave of liquidation of positions,” Kuptsikevich mentioned. Liquidations usually trigger sudden motion of costs as merchants cowl their positions to guard in opposition to losses.

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