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Bitcoin price dip fails to squeeze leverage as $92.5K becomes ‘pivotal’

Bitcoin risks new sell-off if $92,500 zone lost
Data from Cointelegraph Markets Pro and TradingView showed $92,600 forming a local BTC price bottom on Bitstamp.

BTC/USD had fallen $5,000 over the course of the Nov. 25 daily candle, and a modest bounce from the lows was not enough to convince market participants that the worst was over.

“Nothing about this chart resembles a validated support test for $BTC,” Keith Alan, co-founder of trading resource Material Indicators, commented in part of an X post about 4-hour timeframes. 

Read More:

Bitcoin price dip fails to squeeze leverage as $92.5K becomes ‘pivotal’

Bitcoin risks new sell-off if $92,500 zone lost
Data from Cointelegraph Markets Pro and TradingView showed $92,600 forming a local BTC price bottom on Bitstamp.

BTC/USD had fallen $5,000 over the course of the Nov. 25 daily candle, and a modest bounce from the lows was not enough to convince market participants that the worst was over.

“Nothing about this chart resembles a validated support test for $BTC,” Keith Alan, co-founder of trading resource Material Indicators, commented in part of an X post about 4-hour timeframes. 

Read More: https://cointelegraph.com/news/bitcoin-leverage-high-92-5-k-bulls-pivotal-price