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Traders say Bitcoin run to $44K may be a relief bounce, citing a repeat of December’s ‘nuke’ -Breaking

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© Reuters

(BTCThe ) might have rallied up to $44,000 on US inflation data but traders say there’s little chance of it continuing to rise.

On Jan. 12, Data Analyst Material Scientist participated in a Twitter discussion (NYSE:). BewareBitcoin prices may experience a major downside.

Buy/Sell Level Heatmap (Binance), showing November’s bid-and-ask behavior. Source: Twitter/ Material Scientist