2 Bitcoin price indicators suggest that BTC has yet to hit a floor
Traders have been trying to time the much anticipated trend reversal since () began its 48% correction to $ 30,000 on May 12. The move culminated in the liquidation of long futures positions worth $ 12 billion and, to date, traders’ confidence remains a bit battered.
The community began looking everywhere for signs of a turnaround, including technical patterns, US CPI inflation data, and Bitcoin deposits on exchanges. For example, some analysts claimed that a higher high, followed by a move above $ 40,000, would be sufficient.
We need to make a new Higher High to confirm a local bottom.Reclaim 40k and we can start talking about a sustained move back to 50k.#Bitcoin pic.twitter.com/myeWXIYWpp
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