Markets.News
Bitcoin is currently consolidating above $110,000, prompting discussion among market commentators about whether the recent price action signals a potential reversal or further decline. Renowned trader Mayne recently shared his perspective in a podcast update, stating that "crypto is not dead" and emphasizing that the pullbacks are part of a larger upward trend. He noted that Bitcoin's bounce from the $110,000–$112,000 range confirmed his demand-zone strategy, citing it as a significant intersection of the 2024 high and a weekly bullish order block that had previously propelled BTC to $130,000. Mayne highlighted that reestablishing the $111,000–$112,000 zone could lead to a short squeeze and potential... Read more on a financial news website.