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Cryptocurrency News

Bitcoin derivatives show a lack of confidence from bulls

08/03/2022

Less than a minute

2022.08.03 12:06

Bitcoin (BTC) has been trending up since mid-July, although the current ascending channel formation holds $21,100 support. This pattern has been holding for 45 days and could potentially drive BTC towards $26,000 by late August.

According to Bitcoin derivatives data, investors are pricing higher odds of a downturn, but recent improvements in global economic perspective might take the bears by surprise.

Source

08/03/2022

Less than a minute