In the 🌆 Wall Street's final hurrah of the week, 📈 Bitcoin (BTC) bulls stood strong against market jitters, aiming for greater heights. 📊 BTC soared past $71,000, defying the odds. Legal skirmishes between the SEC and Coinbase caused BTC to dip below the $69,000 mark, yet buyers rushed in to boost liquidity at its peak.📉🙋
Trader Skew cautioned about deceptive price movements stemming from manipulated liquidity shifts, like the bid support vanishing from the Binance order book.🌟🌟✨👩🏫💯
Trader Daan Crypto Trades mused on where Bitcoin's price journey might lead, foreseeing a surge beyond the all-time high into the low $80,000s. Charts depicted short-term trendline support through 200-period moving averages on 4-hour intervals.💫✨
CryptoQuant CEO Ki Young Ju highlighted shifts in Bitcoin ownership among major holders, indicating a scenario where established whales offload coins to incoming whales, mostly institutional entities behind US spot Bitcoin exchange-traded funds (ETFs), withdrawing billions of dollars' worth of BTC from the market daily. "This shift is evident on-chain," Ki emphasized.⛏️👩🏫
