via Cointelegraph · By Cointelegraph Staff
Bitcoin Traders Target $68K As Key Support Zone: Here's Why
BTC/USDT
$8,077,944,713.80
$63,461.99 / $62,328.24
Change: $1,133.75 (1.82%)
+0.0019%
Longs pay
Bitcoin (BTC) traders have shifted their focus lower after futures and order book data point to strong buyer interest in the $68,000-$70,000 zone.
Sell pressure has increased in the derivatives markets and the daily bid-ask ratio fell to -0.03, showing sellers are currently more aggressive than buyers as traders position around liquidation levels.
Bitcoin buyers cluster near $68,000
The visible…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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