BTC Back Above $93K with Growing Bullish Sentiment
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Bitcoin has recovered all losses from its big leverage flush out in just two days as it reclaims a key price level.
Bitcoin prices have recovered to exceed $93,000 again during early trading in Asia on Wednesday morning. The move comes less than two days after it dumped to $84,000 in the latest violent leverage flush.
The asset has now recovered all losses from that drawdown and is sitting at a crucial resistance point. The move has also reignited market sentiment, which has turned bullish once again in this very unusual cycle.
Analyst ‘Daan Crypto Trades’ observed the monthly candle sweep, stating, “whenever a new month instantly moves up or down, and leaves no wick or anything behind, these levels are often taken out. This was a very quick and clean example of that.”
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