Best Crypto to Buy Now While Bitcoin Stalls Between $105K and $106K
Following the dip caused by the Elon Musk vs. Trump fight, Bitcoin seemed to be back in action. The US and China talks in London further bolstered support for this cryptocurrency, pushing it beyond the $106K mark.
However, a correction set in within a few hours, leading to the BTC price hovering above the $105K mark again. The 1-hour chart shows Bitcoin opening below the 50 EMA and forming multiple consecutive red candles, which are clear signs of fear still lingering in the market.
CoinGlass also reveals that Bitcoin open interest has gone down by more than 1.5% in the last 24 hours on Binance. The heatmap shows that upwards of $110 million worth of cryptos were liquidated in the last 24 hours, with Ethereum leading the…
