Bitcoin will cross above $60K soon, analyst believes – Here’s why

Quick Summary:

Bitcoin has seen a sudden drop below $60K, however, analysts suggest potential recovery due to an unfilled CME Futures gap.

Data from Coinglass revealed an interesting trend in Bitcoin’s Open Interest, which has declined by nearly 7% over the past day, reaching a press time valuation of $31.02 billion.

After briefly trading above $63,000 in the early hours of the previous day, Bitcoin saw a sharp decline, dropping by over 6% to touch the $57,000 region.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: United StatesJapan

Topics: Trading View Ambcrypto Bitcoin BTC Trading View News Social News 1

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-28 @ 10:30:40 (4 days ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 644 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 22290532

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 16 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #103

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