Bitcoin (BTC) has been surprised to operate sideways during the last days and weeks for a period of time, as it has not been able to achieve a significant and sustainable upward momentum despite the strong support set at $8,700.
However, Bitcoin’s open interest may point to an inherent strength for cryptocurrency, and according to an analyst. It may indicate that someone “will light a match for rocket fuel” in the short term. It can send an increase in the value of BTC.
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