$BTC Bitcoin just moved from $64K to almost $69K in a matter of hours. đł
And I know the question everybody is asking:
âWhat is making $BTC pump?â
From what I'm seeing, traders are positioning ahead of the latest Fed minutes, while the dollar and Treasury yields are also coming under pressure.
Then BTC broke out of the range it has been stuck in, and that brought more buyers into the market.
Short sellers are also getting liquidated, which can push the move even faster.
But abeg, don't start shouting âbull runâ yet đ
We need to see if Bitcoin can actually hold above $69K.
This is the part I'm watching now.
#Bitcoin #cryptomarket #cryptonews #btc
And I know the question everybody is asking:
âWhat is making $BTC pump?â
From what I'm seeing, traders are positioning ahead of the latest Fed minutes, while the dollar and Treasury yields are also coming under pressure.
Then BTC broke out of the range it has been stuck in, and that brought more buyers into the market.
Short sellers are also getting liquidated, which can push the move even faster.
But abeg, don't start shouting âbull runâ yet đ
We need to see if Bitcoin can actually hold above $69K.
This is the part I'm watching now.
#Bitcoin #cryptomarket #cryptonews #btc