Bitcoin (BTC) Price Dips 5%, XRP, DOGE, LTC Lead Crypto Losses

Total crypto derivatives liquidations over the past 24 hours (CoinGlass)


“We have been bullish on bitcoin since the end of January, but the risk-reward analysis favors a period of consolidation,” Matrixport analysts said. “This bull market still has legs, but the divergence between a declining RSI and still high Bitcoin prices could signal that Bitcoin needs to consolidate before rallying again.


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