Bitcoin Price Volatility Continues as Traders Watch Key Levels for Directional Clues

Bitcoin price hovering around $28K as bulls and bears tussle for control of market momentum.

Traders eyeing key moving averages on daily timeframes to determine if uptrend or downtrend will prevail.

Increase in open interest could lead to short and long squeezes, adding to price volatility.

Lack of major liquidations surprises some given recent price swings.

On-chain data shows mixed whale behaviors - some buying dips while others selling.