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Bitcoin: What you should look out for as BTC recovers over 10% in a day

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BTC has managed to recover above $30,000 level after crashing below $26,000 in the latest episode of the crypto crash. BTC prices have rallied nearly 10% in the past 24 hours showing strong bullish signals after this debacle.

The Bitcoin bulls are looking to consolidate this position onto a gradual recovery despite macro factors still creating uncertainty.After falling to new lows following the Luna crash, Bitcoin is back on the road to recovery.

The Bitcoin bulls have been in strong swing in the past 24 hours with the metrics further supporting it.An interesting pattern is being observed on exchanges with both inflows and outflows topping high numbers.

This is bound to create confusion for investors with the market sentiment being unbalanced.Source: GlassnodeThe BTC exchange outflows have been high since 9 May and maintaining their highest peak since July 2021.

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