Bitcoin is inches from the most rapid gains in its latest bull market, BTC price analysis concludes. Bitcoin will confirm its “parabolic phase” if BTC/USD delivers a weekly close above $71,500. That is according to the popular trader and analyst Rekt Capital, who, in one of his latest X posts, called time on BTC price consolidation. BTC…
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Bitcoin still faces significant resistance at $62,000, and if it breaks, it could liquidate over $845 million of leveraged shorts. Crypto market analysts say the Bitcoin bear trap is officially over. Based on historical chart patterns, they are eyeing the next price breakout. Was the 25% Bitcoin price drawdown a bear trap? A bear trap is a form…
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