At the start of June, Bitcoin saw a crucial rejection at one of the most pivotal price levels: $10,500. After surging to that region, the cryptocurrency plunged by $1,000 in the days that followed. It was a retracement that liquidated tens of millions worth of BitMEX longs in the process. This drop was seen as bearish by many, with some traders likening the recent price action to February’s highs. After all, BTC experienced rejection at […]
