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CoinGape 2024-05-13 09:55:25

Is Bitcoin Price Heading to $55K? New Whales Emerge as Short-Term Holders Offload BTC

This week, Bitcoin price exhibited significant volatility, oscillating around the crucial $60,000 psychological mark. On Sunday, the BTC price surged by 1.3%, buoyed by robust demand liquidity at the 100-day EMA, which acted as dynamic support. Despite this uptick, the short-term outlook remains bearish, characterized by a falling wedge pattern on the daily chart. The The post Is Bitcoin Price Heading to $55K? New Whales Emerge as Short-Term Holders Offload BTC appeared first on CoinGape .

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