Bitcoin's price could be on verge of explosion if some buying power reappears on market
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It is imperative to keep a close eye on the dynamics of the market, especially the activity surrounding the $56,000 price range. More broadly, a number of factors such as macroeconomic conditions, institutional behavior and market sentiment impact the price action of Investors must remain ready for any changes as the market remains volatile. Given the accumulation of liquidation orders and the potential for a short squeeze, Bitcoin's price has the potential to soar if it breaks through the $56,000 barrier.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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