🚀Bitcoin's flirting with $66K, thanks to some spicy U.S macroeconomic data. Bulls are flexing, pushing for a 7.5% gain from yesterday. But wait! Some party poopers are pointing at a rapid increase in open interest. Could this be a sign of unsustainable price movement? 🤔

Popular trader, Credible Crypto, says the 62-63K region is key. If we lose that, it's a slippery slope back to 59-60K. Meanwhile, Daan Crypto Trades spotted some hefty sell orders above the spot price. Most of them are chilling between $66K-67K, totaling over $400M+ in orders. 😱

Yet, some traders are still bullish. Veteran trader Peter Brandt and Michaël van de Poppe, CEO of MNTrading, both see a steady upward period for Bitcoin, potentially boosting altcoins. QCP Capital even predicts Bitcoin returning to new all-time highs. 🎉

What's your take? Are we heading for a bull run or a bear trap? Let's chat in the comments! #Bitcoin #CryptoNews #DeFi #Web3

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