Bitcoin's Price Volatility Continues to Shake the Crypto Market.
TL;DR Summary
Bitcoin's price dipped below $29,000, with downside liquidating longs and traders predicting a retest of $30,000 support. Analysts eye the 21-day moving average at $28,860 as short-term support, with a potential retest of the 200-week moving average at $25,860 if it fails. Long liquidations for April 17 totaled nearly $29 million, with cross-crypto liquidations at nearly $67 million. The US dollar made solid gains, with the US Dollar Index above 102 after bouncing from its lowest levels in a year.
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