Are the Bulls Still in Control? Bitcoin Faces Pressure After Massive Long Pos...

Are the Bulls Still in Control? Bitcoin Faces Pressure After Massive Long Pos...

Bitcoin continues to show signs of price consolidation, with its value hovering just below the $87,000 mark. As of today, BTC is trading at approximately $86,990, reflecting a 0.8% decline over the past 24 hours. Despite the slight dip, the broader picture shows that Bitcoin has stabilized above $85,000 for several consecutive sessions, signaling a pause in the strong upward or downward momentum observed in previous weeks. Related Reading: Bitcoin Holds Steady Above $86K as On-Chain Data Points to ‘Bullish Shift’ Long Liquidation Indication For The Market While volatility appears subdued,....


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