Bitcoin inches higher with $29,300 back after the Wall Street open.
Bitcoin price recovers from"ultra nasty correction"Related:
Michaël van de Poppe, founder and CEO of trading firm Eight, highlighted upside and downside levels close to spot price.Twitter followers. “Levels are quite clear, as Bitcoin is still at $29,000. Needs to hold $28,200 for potential longs. Breaking and flipping $29,200 is continuation towards the highs.”Daan Crypto Trades meanwhile noted that BTC/USD had practically come full circle in 24 hours, with leverage flushed from the system.
“Yesterday we saw some massive squeezes towards both sides, completely flushing out all the high leverage,” he“Since then, price is about where it was before the first short squeeze but open interest has not come close to recovering. Low leverage currently. Slight spot premium.”
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