Bitcoin price jumps above $28K after 1.5K BTC shorts ‘blown out’
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Bitcoin (
Previously, consensus favored a return to test lower support levels for BTC/USD, this focusing principally on the 200-week moving average at around $25,500.
Skew meanwhile acknowledged that in order for short-term upside to continue, bulls would need to muster some serious buying power.
“Thick ask liquidity between $28K & $30K Would need some sizeable market buying to push through here,” a further tweet read.
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