Bitcoin (CRYPTO: BTC) has remained range-bound since early May, and analysts expect this trend to persist in the upcoming quarter.
What Happened: Bitfinex highlighted in its latest Bitfinex Alpha report that Bitcoin is consolidating between $100,000 and $110,000, following a 50% rally from April lows near $74,634.
This is the first major slowdown in momentum since that surge began.
Bitcoin briefly tested critical support at $99,830 last week amid escalating Middle East tensions, triggering significant liquidations on both sides.
The selloff resulted in $58.6 million in long liquidations and $65.2 million in short liquidations within 24 hours, while futures open …
Full story available on Benzinga.com
Bitcoin (CRYPTO: BTC) has remained range-bound since early May, and analysts expect this trend to persist in the upcoming quarter.
What Happened: Bitfinex highlighted in its latest Bitfinex Alpha report that Bitcoin is consolidating between $100,000 and $110,000, following a 50% rally from April lows near $74,634.
This is the first major slowdown in momentum since that surge began.
Bitcoin briefly tested critical support at $99,830 last week amid escalating Middle East tensions, triggering significant liquidations on both sides.
The selloff resulted in $58.6 million in long liquidations and $65.2 million in short liquidations within 24 hours, while futures open …
Full story available on Benzinga.com
Bitcoin (CRYPTO: BTC) has remained range-bound since early May, and analysts expect this trend to persist in the upcoming quarter.
What Happened: Bitfinex highlighted in its latest Bitfinex Alpha report that Bitcoin is consolidating between $100,000 and $110,000, following a 50% rally from April lows near $74,634.
This is the first major slowdown in momentum since that surge began.
Bitcoin briefly tested critical support at $99,830 last week amid escalating Middle East tensions, triggering significant liquidations on both sides.
The selloff resulted in $58.6 million in long liquidations and $65.2 million in short liquidations within 24 hours, while futures open …Full story available on Benzinga.com Read More$BTC, Cryptocurrency, Expert Ideas, News, Top Stories, $BTC, News, Cryptocurrency, Top Stories, Benzinga News
