Bulls taking control of market with almost $90 million worth of shorts demolished
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However, traders and investors must remain vigilant. While the current liquidations have favored those with long positions, the markets are known for their unpredictability. The key price levels to watch for Bitcoin in the near term include the support level at around $43.5K and the psychological barrier at $50K, which, if breached, could signal a new phase of bullish momentum.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future.
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