Traders are Using the Most Leverage Ever as Bitcoin Nears Key Resistance

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Bitcoin is trading around the level it has been at for the past couple of weeks Bulls are vying to break above $13,800, but the resistance here is rather significant and is showing few signs of degrading BTC has now made multiple bids to break above $14,000, but each one has resulted in it seeing strong inflows of selling pressure that send it back down to the mid-$13,000 region There’s a good chance that Bitcoin will begin seeing heightened volatility in the near-term, as the leverage being used by traders on margin platforms like Binance is at an all-time high Bitcoin and the aggregated cryptocurrency market have not been able to post any clear breakouts or breakdowns throughout the past few days and weeks. It is still trading just below its crucial $13,800 resistance level, which is a level that analysts and investors alike have been closely watching throughout the…

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