

Bitcoin whales mimic traditional bull market movements while the price of BTC $72,00
As a Coinbase-caused decline in BTC price doesn't last long enough to hold onto bulls, Bitcoin sets a good tone for the US holiday weekend. During the previous Wall Street open of the week, Bitcoin attempted to reach higher levels as bulls resisted giving in to market anxiety. Prices of BTC set up a resistance retest Cointelegraph Markets Pro and TradingView data showed that the price of bitcoin continued to rise, surpassing $71,000. The previous day was marked by flash volatility as Bitcoin dropped below the crucial $69,000 support level due to a legal dispute between US exchange Coinbase and SEC regulator. The downturn was short-lived, though, as buyers entered the market to support a continuing effort to grab liquidity close to all-time highs. Popular trader Skew issued a warning that manipulative liquidity maneuvers could lead to fakeout pricing behavior that day. These included new bid support ranging from $70,200 to $70,600, all of which were later taken off the Binance order book.
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