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Analysts say Bitcoin’s open interest wipeout ‘will give way to further upside’
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The weekend is upon us and fear remains the dominant short-term sentiment in the cryptocurrency market. Earlier today Bitcoin (BTC) price dropped to $47,250 and investors are biting their nails after data from the U.S. consumer price index (CPI) shows inflation reaching a forty-year high at 6.8%.
Data from Cointelegraph Markets Pro and TradingView shows that a midday push by bulls to reclaim the $50,000 support level was handily defeated and sellers sent the price back below $48,000 which could
Read more on cointelegraph.comAbout this in other media
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Analysts say Bitcoin’s behavior at $47.5K mirrors the pre-breakout 2017 market cointelegraph.com /2 years ago
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