Will $30,000 be a brand new start line for Bitcoin bulls?

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After a failed rally above $31,000 on June 23, (BTC) held resistance at $30,300 for the final three days. Curiously, this occurred when gold traded at $1,910 on June 22, hitting a three-month low after hitting a excessive of $2,050 in early Might.

Buyers at the moment are questioning how sturdy Bitcoin’s $30,000 help is. Analyzing the causes of the latest worth surge is due to this fact important to understanding the place merchants stand within the BTC margin and futures markets.

OKX stablecoin/BTC margin lending ratio. Supply: OKX
Bitcoin lengthy to brief ratio of the change’s high merchants.Supply: Coin Glass

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