Bitcoin

<ul><li>Modest long liquidation &amp; lack of negative funding ratios suggest the futures market may not have seen full capitulation yet.</li><li>Shift in key support/resistance levels &amp; head-and-shoulders pattern formation accentuate market uncertainty.</li><li>Bitcoin’s trading volume remains robust despite marginal price increase, indicating sustained market activity.</li></ul><a href="https://cryptotale.org/spot-market-signals-weakness-is-bitcoin-headed-for-a-shakeout/" rel="noopener noreferrer nofollow">Bitcoin’s</a> recent price movements have left many investors on edge, with the futures market offering some insights but not yet signaling a definitive capitulation. Despite the breach of the crucial $59,000 support level, the liquidation of long positions amounted to approximately $120 million, a notable figure but not as substantial as previous occurrences.As highlighted by CryptoQuant, a top analytic firm, this relatively modest liquidation, coupled with the absence of pronounced negative funding ratios, suggests that a full-blown capitulation in the futures market may still be on the horizon.Read more on <a href="https://cryptotale.org/is-bitcoin-headed-for-54k-heres-what-experts-say/" rel="noopener noreferrer nofollow">Cryptotale</a>. Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram</a> |

Is Bitcoin Headed for $54K? Here’s What Experts Say

CryptoTale

发布于 2024年5月2日的其他文章

US lawmakers urge SEC to approve Bitcoin options trading

Shibarium Set For Major Upgrade: Which Turn Will Shiba Inu Price Take From Here?

Mark Cuban, Kevin Durant, Steve Aoki among top crypto-invested celebrities

Meme Coins Pepe and BONK Gaining Despite Crypto Market Slump. What Does This Mean for New Crypto ...

Major Drop in Altcoins Causes Panic Among Crypto Investors: A Deep Dive into the Market Shift

Coinbase Lists Three New Altcoins for Futures Trading: Latest Crypto Update

订阅我们免费的电子期刊，获取每日最新加密领域动态！