BTC Further Extension, Depends on the Spot Market

IconCrypto News Terminal23 Apr, 2024

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BTC Further Extension, Depends on the Spot Market

Cryptocurrency market analysis firm 10X Research analyzed in a report that "BTC rose from $60,000 to $675,000 in four days. This rally was not due to gradual buying over four days but was driven by some large trades. Since futures traders have switched to a cautious mode, further upward movement depends on the spot market." Previously on 23 April 2024 - "BTC rose from $60,000 to $675,000 in four days, driven by large trades. Future upward movement depends on the spot market."