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    HomeFinanceWill $30,000 Be the New Springboard for Bitcoin Bulls?

    Will $30,000 Be the New Springboard for Bitcoin Bulls?

    After a failed rally above $31,000 on June 23,BTC) held the $30,300 resistance for the previous three days. Apparently, this occurred when gold hit a three-month low and on June twenty second. traded at $1,910, down from a peak of $2,050 in early Might.

    Traders are actually questioning how stable Bitcoin’s $30,000 assist is. So with a purpose to perceive how merchants are positioned within the BTC margin and futures markets, it’s vital to research what prompted the current value rally.

    OKX Stablecoin/BTC Margin Lending Ratio. Supply: OKX
    High Trade Merchants Bitcoin Lengthy and Quick Ratio. Supply: CoinGlass

    Proceed studying Coin Telegraph.

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