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FxPro Senior Market Analyst: The coming weeks will be a critical moment for BTC market direction

FxPro Senior Market Analyst: The coming weeks will be a critical moment for BTC market direction

2024/04/16 12:30

According to the Odaily report, FxPro senior market analyst Alex Kuptsikevich said that the Bitcoin market is currently hovering near the lows in March. The sell-off in the US stock market on Monday night affected global risk appetite and reversed the initial positive sentiment. He further noted that the next few weeks will be a critical moment for BTC market direction, with a rebound from this area expected to lead to an early recovery to recent highs, and a fall below this level may trigger wider position liquidation.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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