Bid-Ask Spread Tightens-Here What it Means for the BTC Price Rally

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Bitcoin price has surged significantly throughout the past week and closed the weekly trade on a bullish note. Moreover, the levels marked the local highs above $110,500, which flashed the possibility of marking a new ATH above $112,000. Unfortunately, the bulls experienced exhaustion, causing the token to drop back below $108,000. With the second attempt failing, market participants now seem uncertain about the next price move as they wait for the price to break above the range before jumping in. 

Bid-Ask Spread Tightens

The current price movement of…



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Bid-Ask Spread Tightens-Here What it Means for the BTC Price Rally


Bitcoin price has surged significantly throughout the past week and closed the weekly trade on a bullish note. Moreover, the levels marked the local highs above $110,500, which flashed the possibility of marking a new ATH above $112,000. Unfortunately, the bulls experienced exhaustion, causing the token to drop back below $108,000. With the second attempt failing, market participants now seem uncertain about the next price move as they wait for the price to break above the range before jumping in. 

Bid-Ask Spread Tightens

The current price movement of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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