Bitcoin Price Prediction: Bulls Regain Control Above $72K as Open Interest Hits $49B
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Bitcoin has reclaimed $72,000 after bouncing from the $60,000 to $65,000 support zone, with open interest increasing by 5.77% to $49.87 billion. Spot exchange outflows reached $161.94M, indicating diverging market positions. The price targets the 20-day EMA at $69,203 amidst macro uncertainty, suggesting bullish momentum in the market.
- Bitcoin reclaims $72,000 after bouncing from $60,000 to $65,000 support zone as open interest surges 5.77% to $49.87 billion.
- Spot exchange outflows hit $161.94M on March 5 while derivatives volume jumps 4.83% to $100.05 billion, showing divergence in positioning.
- Supertrend at $61,927 flips bullish as price targets 20-day EMA at $69,203, with macro uncertainty driving Bitcoin’s disproportionate strength.
Bitcoin price today trades near $72,720, up 0.05% after reclaiming the $72,000 level following a bounce from the $60,000 to $65,000 support zone (orange shaded area). The move places buyers in control as derivatives positioning surges despite spot exchange distribution.
Open Interest Surges 5.77% While Spot Outflows Hit $161.94M
Open interest jumped 5.77% to $49.87 billion while volume surged 4.83% to $100.05 b…
Read The Full Article Bitcoin Price Prediction: Bulls Regain Control Above $72K as Open Interest Hits $49B On Coin Edition.
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Coins
$ 73.03K
+0.20%
$ 0.00646
+46.7%Share:
In This News
Coins
$ 73.03K
+0.20%$ 0.00646
+46.7%Share:
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Bitcoin Price Prediction: BTC Holds Rising Channel As $598M ETF Inflow Targets $74,000
Bitcoin bulls are eyeing $100,000, yet the futures market hints at another dip first
Bitcoin Price Prediction: Bulls Regain Control Above $72K as Open Interest Hits $49B
Share:
Bitcoin has reclaimed $72,000 after bouncing from the $60,000 to $65,000 support zone, with open interest increasing by 5.77% to $49.87 billion. Spot exchange outflows reached $161.94M, indicating diverging market positions. The price targets the 20-day EMA at $69,203 amidst macro uncertainty, suggesting bullish momentum in the market.
- Bitcoin reclaims $72,000 after bouncing from $60,000 to $65,000 support zone as open interest surges 5.77% to $49.87 billion.
- Spot exchange outflows hit $161.94M on March 5 while derivatives volume jumps 4.83% to $100.05 billion, showing divergence in positioning.
- Supertrend at $61,927 flips bullish as price targets 20-day EMA at $69,203, with macro uncertainty driving Bitcoin’s disproportionate strength.
Bitcoin price today trades near $72,720, up 0.05% after reclaiming the $72,000 level following a bounce from the $60,000 to $65,000 support zone (orange shaded area). The move places buyers in control as derivatives positioning surges despite spot exchange distribution.
Open Interest Surges 5.77% While Spot Outflows Hit $161.94M
Open interest jumped 5.77% to $49.87 billion while volume surged 4.83% to $100.05 b…
Read The Full Article Bitcoin Price Prediction: Bulls Regain Control Above $72K as Open Interest Hits $49B On Coin Edition.
In This News
Coins
$ 73.03K
+0.20%$ 0.00646
+46.7%Share:
In This News
Coins
$ 73.03K
+0.20%$ 0.00646
+46.7%Share:
Read More
Bitcoin Price Prediction: BTC Holds Rising Channel As $598M ETF Inflow Targets $74,000