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Bitcoin (BTC) Shows "Big Sign of Strength: "Price Rally Entering? Bitcoin jumped 2% to a brief retracement of #036;81,000, with analysts pointing to a potential short-term price rally supported by strong demand and a significant withdrawal from exchanges. • A mysterious investor opened a $72.1 million long position on BTC, raising speculation about inside information, while some analysts warn that the upcoming FOMC meeting could lead to a price correction. • Key support in Bitcoin is near #036;81,000, with warnings of a potential drop to $67,000 if this level is broken; Bullish momentum calls for a cleanup of $84,500, with $92,000 and $104,000 targets after that.

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CryptoPotato · Crypto · · Source

Bitcoin (BTC) Shows "Big Sign of Strength: "Price Rally Entering? Bitcoin jumped 2% to a brief retracement of #036;81,000, with analysts pointing to a potential short-term price rally supported by strong demand and a significant withdrawal from exchanges. • A mysterious investor opened a $72.1 million long position on BTC, raising speculation about inside information, while some analysts warn that the upcoming FOMC meeting could lead to a price correction. • Key support in Bitcoin is near #036;81,000, with warnings of a potential drop to $67,000 if this level is broken; Bullish momentum calls for a cleanup of $84,500, with $92,000 and $104,000 targets after that.

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