Bitcoin poised for higher prices as market conditions indicate a potential boost to liquidity due to bank reserves sliding.
Price action looking good as BTC dominance continues.Analyst TomasX predicted a temporary fall in U.S. bank reserves to their lowest level in over four years, which could result in the Federal Reserve halting Quantitative Tightening .
The TD Sequential indicator has flashed a sell signal for BTC/USDT, while the Relative Strength Index and Stochastic RSI are displaying overbought conditions. Historically, local bottoms in Bitcoin’s price tend to occur when this percentage reaches around -60%.
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