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Tuesday

27 July 2021

Bitcoin Price Bounce Above $30K Triggers Massive Liquidations

Bitcoin Price Bounce Above $30K Triggers Massive Liquidations


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Despite bitcoin reclaiming critical support, some analysts express fears that the bounce is a short-lived  “relief rally” and not a proper comeback after a price bottom.

Similarly, Vijay Ayyar, head of Singapore-based cryptocurrency exchange Luno, predicted the BTC price could continue to slide.

In a separate interview with CNBC, the Luno exchange head predicted more downside for bitcoin, suggesting that the digital asset could tumble toward $24K if bulls fail to log a rebound above $32K.

James Wo, CEO of Digital Finance Group, points to bullish on-chain signals that could propel the king coin higher

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