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Week Ahead: Crypto market likely to rally after the recent flush

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Cryptocurrencies समाचार

इंडिया ताज़ा खबर,इंडिया मुख्य बातें

The recent Bitcoin (BTC) price decline wiped out billions in open interest and triggered a few hundred million in liquidations.

Bitcoin spot ETF market inflows suggest a shift in market sentiment. BTC price needs to clear the $71,000 support level to kickstart the bull run. A breakdown of the $61,000 support level will invalidate the bull run and potentially kickstart a correction. The recent Bitcoin price declinewiped out billions in open interest and triggered a few hundred million in liquidations. With the upcoming events in the crypto and the broader stock market, the chances of a reversal are high.

Here are a few key levels to note: The 4-hour imbalance, extending from $62,994 to $64,733, is a key zone to accumulate BTC. A weekly flip of the $71,000 hurdle will likely kick-start a bullish bias and propel BTC to new all-time highs . Conversely, a breakdown of $61,000 on the weekly support level will likely kick-start a bearish move for the crypto market. BTC/USDT 1-day chart Crypto events this week Monday, June 10: Apple WWDC 2024 Tuesday, June 11: Fetch.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

 /  🏆 14. in İN

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

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