How can Bitcoin hold $28K amid the banking crisis? By Cointelegraph
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In today’s Market Report episode, analyst and writer Marcel Pechman discusses whether Bitcoin’s (BTC) $28,000 support has a chance. Next, Pechman analyzes the First Republic Bank’s failure and its subsequent acquisition by JPMorgan (NYSE:). The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel.
The first news article explains why margin and futures indicators are essential to decide whether whales and market makers have flipped bearish as BTC failed to break the $30,000 resistance. For starters, Pechman explains why the $340-million liquidation in leveraged futures was important and how it affects the market during surprise price moves.
Continue Reading on Coin Telegraph
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© Reuters
In today’s Market Report episode, analyst and writer Marcel Pechman discusses whether Bitcoin’s (BTC) $28,000 support has a chance. Next, Pechman analyzes the First Republic Bank’s failure and its subsequent acquisition by JPMorgan (NYSE:). The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel.
The first news article explains why margin and futures indicators are essential to decide whether whales and market makers have flipped bearish as BTC failed to break the $30,000 resistance. For starters, Pechman explains why the $340-million liquidation in leveraged futures was important and how it affects the market during surprise price moves.
Continue Reading on Coin Telegraph
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