Meanwhile, crypto funds such as QCP Capital see a strong breakout above $18,000 for bitcoin as a key indicator of recovery, with the next such level being $28,000. “Despite the mini-rally, BTC is still trading in an extremely tight falling wedge – with $18,000 the key breakout level to the topside,” the fund said in a Telegram broadcast last week.
Short Traders Suffer $200M in Losses as Ether, Cardano Lead Crypto Majors’ Gains
