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Traders Betting on Bitcoin Rebound Next Week
Summary: According to Cointelegraph, Bitcoin's price fluctuated around $112,000 at the weekly close on Sunday, with traders anticipating a rebound in the coming week. Data from Cointelegraph Markets Pro and TradingView shows that after the $19 billion crypto liquidation event, volatility has decreased. While Bitcoin did not see a significant rebound, market participants believe it may ...
According to Cointelegraph, Bitcoin's price fluctuated around $112,000 at the weekly close on Sunday, with traders anticipating a rebound in the coming week.
Data from Cointelegraph Markets Pro and TradingView shows that after the $19 billion crypto liquidation event, volatility has decreased. While Bitcoin did not see a significant rebound, market participants believe it may show stronger performance next week.
The trading information platform TheKingfisher pointed out that there may be liquidity grabs around $114,000, with traders holding significant short positions on BTC. The weekend is a good time for liquidation in the BTC range.
Despite a $19 billion liquidation in the crypto market, the bullish trend in Bitcoin's market remains intact.
