TechFlow news, May 4 — According to Cointelegraph, several prominent traders shared their views on Bitcoin's recent price movements. Trader TheKingfisher noted that long positions are densely concentrated in the $95,700–$96,000 range, while a large number of short positions are clustered between $96,500 and $97,000. These levels may act as magnetic price points, potentially triggering significant volatility. Analyst Michaël van de Poppe believes Bitcoin still has room to reach new highs as long as it holds above the $91,500–$92,000 range. He also cautioned that cryptocurrency markets often pull back ahead of Federal Reserve meetings, with a likely bottom forming on Tuesday before resuming an upward trajectory.
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