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Bitcoin round-tripped gains after a spike to $70,000 as liquidity traps began to characterize BTC price action on the US bank holiday.
Bitcoin (BTC) took out long and short positions during Monday as low-volume trading sparked short-term volatility.
Key points:
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Bitcoin sees low-time frame manipulation clear both longs and shorts on the US bank holiday.
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BTC price action offers “breakouts and shakeouts” while staying in a narrow range.
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2022 bear market comparisons continue, now focused on weekly RSI.
BTC…
https://cointelegraph.com/news/bitcoin-weekly-rsi-echoes-mid-2022-bear-market-as-btc-plays-liquidity-games?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
