Further, BTC registered a countertrend reversal signal on the daily chart, per the DeMARK indicators. That means selling pressure could wane over the next few days as buyers return from the sidelines. Another daily close above $30,000 would confirm the countertrend signal, although there is a low chance of significant upside from here.
Bitcoin ETF (BTC) Holdings Disclosed by Hedge Funds Millennium and Elliott
The hedge fund, which is led by billionaire Izzy Englander, held its biggest allocation in BlackRock’s iShares Bitcoin Trust (IBIT),...