As the leading cryptocurrency, Bitcoin started the week near 80 thousand dollars, and a series of key economic data will be released this week. Bitcoin previously fell below 80 thousand [...] Continue reading: Wintermute sounds the alarm: Bitcoin continues to face downside risk! Which price level must be protected?
$BTC almost tapped $80,000 yesterday.
It's still holding above all its key levels, which is a good sign.
Now, all eyes will be on the weekly close, as a close below $82,700 could push BTC back into the consolidation range.
JUST IN: CoinShares says Bitcoin investors should watch U.S. debt flows, not the Fed movements.
โข Bond market panic turns BTC into hard money.
๐ Bitcoin can't be debased!
$ETH closed its highest weekly candle in 8+ months.
Now, Ethereum needs a weekly close above $2,800 with strong spot demand and it'll rally towards $3,400-$3,500.
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