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Bitcoin Retail Investors Confident About $50,000-Price Bottom


March 26, 2021 · By JP
Bitcoin (BTC)

Bitcoin fell from about $60,000 to nearly $50,000 this week, but it has not deviated retail interest, according to Robbie Liu of OKEx.

The investment analyst cited renewed buying activity near the $50,000 level among retail investors, confirmed by the rising long/short ratio and the rising USDT premium in the Asian market. The long/short ratio compares the total number of users opening long positions versus those opening short positions.

Bitcoin climbed by more than 7 percent after testing $50,000-area as its support.

Read the full story at NewsBTC

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