Bitcoin gained about 1.7% against the dollar in the European trading session, hitting the previous Quarter’s VWAP close level for potential selling which might retrace the rate towards the swing lows for absorption to initiate buyers for core position adds. Median- to long-term buyers might be targeting the Quarterly VAH close level as rotational play. Median-term perspective still with bullish monthly momentum. Elsewhere in the cryptos, Coinbase beats earnings estimates while warns of lower volume and users, according to reports and retails might emerge again including new younger investors in the current stock/cryptocurrency boom, which makes market participants cautions.
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