Believe it or not, Bitcoin whales are buying BTC again at $42,500.
After, that area finally gave way to see the pair hit lows of $42,131 on Bitstamp, its lowest since March 23.
Bulls hoping for a rescue move felt the pain, with cross-crypto liquidations totaling $200 million in the 24 hours to the time of writing Saturday, data from on-chain monitoring resourceFor traders, the short-term outlook was thus firmly bearish in character. Popular commentator Crypto Ed eyed a retest of $40,000, but warned that Bitcoin might not stop there.
"As long as it doesn't reclaim 44k or even better 45-46, I'm affraid we have to be ready for more downside and at least retesting 40k and maybe even lower," he
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