Bears apply the pressure as Bitcoin price revisits the $41K ‘falling knife’ zone

Bears apply the pressure as Bitcoin price revisits the $41K ‘falling knife’ zone
фото показано с : cointelegraph.com

2021-9-29 22:35

Bitcoin traders say $43,600 needs to be regained to restore the bullish uptrend, but BTC futures and options data are showing signs of distress.

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Bitcoin (BTC) на Currencies.ru

$ 97581.84 (-0.61%)
Объем 24H $97.147b
Изменеия 24h: 3.89 %, 7d: 6.80 %
Cегодня L: $94006.77 - H: $98156.69
Капитализация $1927.996b Rank 1
Цена в час новости $ 42201.94 (131.23%)

bitcoin btc futures bullish restore uptrend data

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Bitcoin Price Fall Increases Buying Momentum, Pushes Exchange BTC Balances To 6-Year Lows

Following a major price decline in Bitcoin (BTC), market sentiment dropped back to strong levels of fear, indicating that investors are becoming increasingly cautious and risk-averse. Despite this trend, on-chain data analytics provider CryptoQuant has revealed a significant increase in BTC buying momentum, resulting in the Bitcoin balances on various exchanges dropping to six-year lows.

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