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Bitcoin traders eye bear trap as BTC price hits 10-day high of $60.4K

Bitcoin bulls may be able to trap late sellers below key bull market trendlines as BTC price weekend gains pass 5%.

Bitcoin traded above $60,000 on July 14 as an assassination attempt on United States presidential candidate Donald Trump sparked BTC price volatility.

Data from Cointelegraph Markets Pro and TradingView tracked a crypto market surge as news of the attack, which Trump survived, came in.

Local highs of $60,423 on Bitstamp marked Bitcoin’s (BTC) highest value since July 4.

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Bitcoin Setting Up Major Bear Trap, According to On-Chain Analyst Will Clemente

Popular on-chain analyst Will Clemente is eyeing several key indicators that suggest a potential bear trap for Bitcoin could play out in the near future. In a new edition of the weekly Blockware Intelligence Newsletter, Clemente looks at derivatives data to see whether traders are overly bullish or extremely bearish on BTC. “We were cautious […]

The post Bitcoin Setting Up Major Bear Trap, According to On-Chain Analyst Will Clemente appeared first on The Daily Hodl.

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