Bitcoin Plunges 9%, Sank Below $25K on Binance as August Turns Very Ugly

2023-8-18 08:45

Two-thirds of leverage funds' positions are short, one observer said, noting the bearish bias of sophisticated traders.

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Bitcoin Hash Rate Registers New Highs, A Selloff Imminent?

Based on CryptoQuant data, one observer notes that whenever the Bitcoin hash rate records new highs, as is the case in late January 2023, coin prices tend to retrace as the upside momentum fades.   Extending this preview on current BTC rates, the analyst predicts that prices may rise above the current resistance level at $23,800 to $25,500 before dumping below immediate support lines towards $20,000, or worse.

2023-1-27 11:43