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#BTC NEW PRICE ON BINANCE...!!
BITCOIN PRICE CAN MOVE EXTREMELY
Geopolitical tensions are shaking the crypto market again. Israel's airstrikes on Iran some time ago triggered a sharp correction in Bitcoin's price. In a short time, the price of BTC briefly plunged to around US$103,000, before finally recovering to US$105,000.
The rapid and extreme movement of Bitcoin's price has left many traders and investors wondering: is this just a temporary retracement, or the beginning of a deeper correction?
One interesting indicator comes from Binance. Joao Wedson, an on-chain analyst and CEO of Alphractal, revealed in his analysis on Saturday (14/06) that the correlation between Open Interest (OI) on Binance and the current price of Bitcoin is sending signals that should be watched closely.
According to Wedson, this correlation is now approaching a very critical level and could be a sign that the crypto market and Bitcoin are preparing to enter a phase of high volatility.🚀🚀🚀🚀
BITCOIN PRICE CAN MOVE EXTREMELY
Geopolitical tensions are shaking the crypto market again. Israel's airstrikes on Iran some time ago triggered a sharp correction in Bitcoin's price. In a short time, the price of BTC briefly plunged to around US$103,000, before finally recovering to US$105,000.
The rapid and extreme movement of Bitcoin's price has left many traders and investors wondering: is this just a temporary retracement, or the beginning of a deeper correction?
One interesting indicator comes from Binance. Joao Wedson, an on-chain analyst and CEO of Alphractal, revealed in his analysis on Saturday (14/06) that the correlation between Open Interest (OI) on Binance and the current price of Bitcoin is sending signals that should be watched closely.
According to Wedson, this correlation is now approaching a very critical level and could be a sign that the crypto market and Bitcoin are preparing to enter a phase of high volatility.🚀🚀🚀🚀
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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