How long will Bitcoin’s price consolidation last?
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">Key takeaways:Bitcoin trades within a narrowing range between $91,000 and $94,500 over the last three days.A rare divergence between rising open interest and negative funding rates could set up a short squeeze.BTC price must establish $95,000 as new support to continue the uptrend.Bitcoin (https://cointelegraph.com/bitcoin-price
The breakout could come in the next few days as April ends. QCP Capital said, "Call options at $95K strikes for end-April and end-May expiries have dominated flow, pointing to a tactical appetite for further upside.”In an April 25 Telegram note to investors, the investment firm said:“With macro risks temporarily subdued and trade tensions cooling, BTC is likely to consolidate in a narrow $90K–$94.5K range while awaiting a catalyst for a decisive push toward the elusive $100K mark.”This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
