Bitcoin liquidates positions within its intraday trading range as BTC price returns to $64,000.
BTC/USD 1-hour chart. Source: TradingViewStill within a trading range in place since May 3, BTC/USD nonetheless gave speculators little chance to rest, with sharp moves in either direction liquidating positions.
After the daily close, it was bid liquidity being taken around $63,500, with Bitcoin then reversing to attack a larger cloud of liquidity around $1,000 higher, data from monitoring resource “Took some hours after the futures re-open but got there on Monday which is something we tend to see quite often,” heFellow trader Skew meanwhile highlighted several key levels to pay attention to going forward.
“As long as inflows stays positive here the supply is getting scooped up so overall quite bullish,” popular commentator WhalePanda wrote in part of an This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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