3 Reasons Why Bitcoin Might Retrace in Upcoming Week and Reach $22,000 - Aliens: AI Crypto News & Markets Updates
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3 Reasons Why Bitcoin Might Retrace in Upcoming Week and Reach $22,000

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U.Today

Sat, Jul 02, 2022

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Aliens TLDR

Unfortunately for most traders on the cryptocurrency market, Bitcoin could not break the local resistance of $22,000 and then started to slowly retrace to the $20,000 price range, which then led to the drop below $19,000.

With Bitcoin, volume profiles show that bears are actively losing their power on the market and might not be able to support the downtrend anymore.

The underbought Bitcoin and the lack of liquidity could cause a rapid spike in the price of the first cryptocurrency if institutional investors get back into the market

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3 Reasons Why Bitcoin Might Retrace in Upcoming Week and Reach $22,000

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