Bitcoin Struggles at Key Support Levels Amid Bearish Momentum, Funding Rates Show Divergence
Bitcoin Struggles at Key Support Levels Amid Bearish Momentum, Funding Rates Show Divergence
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Bitcoin is currently testing the $95,000 support level after failing to maintain its $100,000 valuation, indicating a broader market bearish momentum. Despite the price weakness, on-chain data suggests a rising interest in bullish bets on Bitcoin, presenting a mixed outlook for the world's leading cryptocurrency.
Bitcoin is testing the $95,000 price support, after $100,000 failed to cushion the market-wide bearish momentum. Although the world’s leading cryptocurrency seems to be losing the fight to re-attain its six-figure valuation, on-chain data reveals that there is a growing amount of bets being placed on Bitcoin. Related Reading: Bitcoin New Role: Here’s How BTC […]