Bitcoin Bounces To $88,000 As Ethereum, XRP, Dogecoin Trade Sideways

Bitcoin has rebounded above $88,000 as liquidations tally at $195.55 million over the past 24 hours. 

Bitcoin ETFs saw $175.3 million in net outflows on Wednesday, while Ethereum ETFs reported $52.7 million in net outflows.

BTC ‘Going Nowhere Over Past Months’

Crypto Tony said Bitcoin’s sideways price action reflects an ongoing X wave, a corrective phase typically marked by erratic and disruptive movement.

He expects another leg lower, either immediately or after a brief bounce, and advised traders to be prepared for both scenarios.

CryptosBatman attributed recent sideways trading to low holiday volume rather than structural weakness.

He noted Bitcoin consolidating into a classic …

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