Bitcoin Open Interest Sets Fresh Highs as Analysts Watch for Fireworks

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Bitcoin is currently pushing higher as it begins recapturing its share over the aggregated crypto market Its current strength may not be enough to surmount the heavy selling that exists at its high time frame resistance at $9,500 This is the first notable movement BTC has posted in weeks, although its previous surges to this region have proven to be fleeting Where the crypto trends in the months ahead may depend largely on whether buyers can push through its near-term resistance There are a few key sets of data that seem to be playing into buyers’ favor at the present moment Over the past couple of weeks, Bitcoin’s stagnating price action has provided altcoins with an ideal backdrop to rally against. This has caused the benchmark cryptocurrency to see a sharp decline in both its trading volume and liquidity. Now that buyers are stepping up and propelling BTC into the…

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