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Bitcoin sellers keep BTC price action in check amid $45K ‘fakeout’ warning

Eyes are still on what happens above the current local highs, not below, even as BTC price action is up 6% in a week.
Bitcoin (BTC) took a breather from its latest upside on March 26 after predicted resistance kicked in just under the yearly open.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin fakeouts: Third time’s the charm?Data from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering around $44,500 Saturday, preserving the lion’s share of the week’s progress.Traders had sounded the alarm on a possible retracement after a large sell wall appeared on major exchange Bitfinex. In the event, sell-side pressure prevailed, halting bulls’ advance at just above $45,000.”Still waiting to see how price trades around yearly open. The prev times I targeted it we came up short but got very close although this time looks better for BTC. Almost there,” popular trader Pentoshi summarized.Fellow Twitter u

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We współpracy z: https://cointelegraph.com/news/bitcoin-sellers-keep-btc-price-action-in-check-amid-45k-fakeout-warning

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