CoinDesk says market watchers see Bitcoin’s sudden sharp move higher and the forced liquidation of shorts as a classic sign of a bottom. Even so, analysts are divided on whether the break above key levels marks the start of a new bull run. Macro risks still remain, the report said.
Market watchers say Bitcoin’s sudden sharp price spikes and the forced liquidation of short positions are classic signs of a bottom.
Even so, analysts remain split on whether Bitcoin’s move above key levels signals the start of a new bull run. Macro risks still remain.
The report did not provide further details.
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