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90-Day Drop In Bitcoin Open Interest Signals Bullish DCA Opportunities – Details

  • Bitcoin is facing volatility and struggling to break above the $112,000 all-time high, with bullish momentum intact but resistance causing uncertainty.
  • Macroeconomic conditions, including a strong job market and passing of legislative bills, fuel speculation in the market.
  • A negative shift in the 90-day change in open interest signals potential capitulation among traders, leading to a reset for healthier price action.
  • Bitcoin remains range-bound below the key resistance at $109,300, with indicators suggesting a bullish structure but uncertainty about a breakout.

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