Traders are making massive gains from perpetual futures contracts but there are three risks to be aware of before trading.
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Traders are making massive gains from perpetual futures contracts but there are three risks to be aware of before trading.
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Bitcoin’s bull flag will determine whether bears push the price to $14K or if bulls finally take the $16K mark.
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Bitcoin price looks slightly overextended in the short-term and may take a break while altcoins play catch-up.
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After reaching a new 2020 high, Bitcoin traders are fighting to flip $14,100 to support and Ethereum is attempting to do the same to the $400 level.
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Bitcoin dominance is climbing as altcoins search for a new bottom in what may be the perfect set up for a BTC rally to new all-time highs.
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Ether price is struggling despite Bitcoin rising, which may embolden the bears to push the price down below $300 before another major rally can occur.
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Bitcoin broke out of the $13,000 resistance level merely a week ago, which means those expecting Ethereum and altcoin prices to rise may have to wait a few months.
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Consolidation from Bitcoin would allow Ethereum to double bottom in its BTC pair and possibly breakout from the ascending channel in its USDT pair.
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Increasing volume and a breakout above a key trendline have set Bitcoin price back on the path to $14,000.
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Bitcoin’s consolidation near a key overhead resistance is a sign of strength but the technical structure of most altcoins has weakened.
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