Bitcoin price rallies to $19K, but analyst says a $17.3K retest could happen next
Bitcoin बिटकॉइन की कीमत $19K तक बढ़ जाती है, लेकिन विश्लेषक का कहना है कि आगे $17.3K का पुनर्परीक्षण हो सकता है 01 / 13 / 2023 बिटकॉइन एथेरियम समाचार बिटकॉइन (बीटीसी) price has gained 15% in the past 13 days, and during this timeframe, traders bearish bets in BTC futures were liquidated in excess of $530 million compared to bulls. After rallying to $19,000 on Jan. 12, Bitcoin reached its highest price since the FTX exchange collapse on Nov. 8. The move was largely fueled by the United States Consumer Price Index (CPI) expectation for December, which matched consensus at 6.5% year-over-year — highlighting that the inflationary pressure likely peaked at 9% in June. Furthermore, on Jan. 11, FTX attorney Andy Dietderich said $5 billion in cash and liquid cryptocurrencies had been recovered — fueling hopes of partial return of customer funds in the future. Speaking to a U.S. bankruptcy judge in Delaware on Jan. 11, Dietderich stated that the company plans to sell $4.6 billion of non-strategic investments. Let‘s look at derivatives metrics to understand whether professional traders are excited about Bitcoin’s rally to $19,000. Margin use increased as Bitcoin price rallied to $18,300 and above Margin markets provide insight into how professional traders are positioned, and