Bitcoin Price Prediction: BTC Consolidates After Rally While Open Interest Cools
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- BTC trades in a tight $67K–$68.3K range as momentum stalls near key resistance.
- Open interest rises during rallies but contracts on corrections, signaling cautious leverage.
- Spot flows show renewed outflows, suggesting guarded sentiment despite recent price resilience.
Bitcoin traded in a tight band on the one-hour chart Friday as momentum stalled near a key ceiling. The cryptocurrency hovered around $67,424 on Kraken, holding above recent higher lows yet struggling to extend gains.
Traders now weigh whether the recent recovery can evolve into a breakout, or whether fading momentum will invite another pullback. Consequently, short-term positioning has turned cautious as volatility compresses beneath major resistance.
Resistance Caps the Recovery
Price action reflects a market that rebounded sharply from $62,516 to nearly $70,000. However, that impulsive ra…
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Bitcoin Price Prediction: BTC Consolidates After Rally While Open Interest Cools
Share:
- BTC trades in a tight $67K–$68.3K range as momentum stalls near key resistance.
- Open interest rises during rallies but contracts on corrections, signaling cautious leverage.
- Spot flows show renewed outflows, suggesting guarded sentiment despite recent price resilience.
Bitcoin traded in a tight band on the one-hour chart Friday as momentum stalled near a key ceiling. The cryptocurrency hovered around $67,424 on Kraken, holding above recent higher lows yet struggling to extend gains.
Traders now weigh whether the recent recovery can evolve into a breakout, or whether fading momentum will invite another pullback. Consequently, short-term positioning has turned cautious as volatility compresses beneath major resistance.
Resistance Caps the Recovery
Price action reflects a market that rebounded sharply from $62,516 to nearly $70,000. However, that impulsive ra…
Read The Full Article Bitcoin Price Prediction: BTC Consolidates After Rally While Open Interest Cools On Coin Edition.
In This News
Share:
In This News
Share:
Read More
Bitcoin's five-month slide: Why BTC is set for worst losing streak since 2018