Bitcoin bulls see swift rejection after attempting to break a week-long BTC price trading range, while open interest remains above $22 billion.
Bitcoin (BTC) spawned flash volatility at the Feb. 20 Wall Street open as a classic “fakeout” burned traders.
Data from Cointelegraph Markets Pro and TradingView followed BTC price action as it briefly pierced $53,000 before rejecting.
That rejection was strong, with BTC/USD giving back its entire day’s gains in under two hours, bottoming at $51,400.
