CryptoQuant says bitcoin demand remains in ‘deep contraction,’ but price could bounce to $71,500–$81,200
If macro risks ease, particularly the U.S.-Iran conflict, bitcoin could bounce toward $71,500–$81,200 in the short term, CryptoQuant said.
Read MoreBitcoin Slides to $66,500 as Profit Booking, Macro Risks Weigh on Sentiment
Bitcoin traded near $66,500 on April 2, as profit-taking and macro uncertainty weighed on sentiment. Analysts highlighted a narrow trading range with support near $65,000 and resistance around $69,000. ETF inflows offered limited support, while altcoins declined broadly. Experts said global developments and upcoming economic data will continue to guide short-term mark…
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