While my bias for bitcoin futures to reach 125k remain in play, I'm a tad suspicious of its attempt to take out the previous record high with any conviction this week. I take a closer look at trading volumes and futures market positioning to explain why.

Matt Simpson, Market Analyst at City Index and TradingView
Bitcoin (Cryptocurrency)BTCBitcoin FuturesBTCUSDCandlestick AnalysisPivot PointsSupport and Resistance

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