TechFlow reported, citing Cointelegraph, that in line with recent weekend price trends, Bitcoin bulls appear to be taking advantage of thin liquidity to push the market higher. Cryptocurrency analyst WhalePanda stated on X: "Price moves during weekends with low liquidity almost always fully retrace."
Additionally, Keith Allen, co-founder of Material Indicators, reiterated the need for "some pullbacks" during BTC's price rise, adding, "Of course, weekends are whale game time. We're in a price discovery phase, so right now I'm paying more attention to Bitcoin's weekly and monthly closing prices."
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