November 8, 2024

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Bitcoin drops with stocks as analyst warns of banking crisis ‘endgame’

1 min read
Bitcoin drops with stocks as analyst warns of banking crisis 'endgame'

Bitcoin (

Data from the Binance order book uploaded to Twitter by monitoring resource Material Indicators showed bid liquidity slowly increasing above $28,000.

As various popular traders demanded higher levels return in order to provide a shot at $30,000 resistance, longer-time takes remained optimistic.

Popular trader and analyst, Rekt Capital, highlighted current spot price levels as the site of an important reclaim operation.

“Last week, BTC Weekly Closed above ~$28800. And this week, $BTC has done quite well to hold it as support, in large part due to the aggressive buying in recent days,” he explained about weekly timeframes.

“Reclaim of the $28800 level is technically in progress.”

Magazine: Unstablecoins: Depegging, bank runs and other risks loom

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.