Bitcoin continues to surprise to the downside. The $BTC price lost more than $6,000 in the space of 48 hours, after being rejected from $65,000. The high volatility triggered more than $300 million in liquidations across the crypto market, mostly on long positions.
Just when you thought it was safe to go long …
Just when you thought it was safe to go long, with macro indicators generally pointing to the upside, the $BTC price dumped sharply once again, lopping 9.6% off of the price in the space of only 48 hours. It may not have helped that the Spot Bitcoin ETFs experienced a 2k Bitcoin outflow on Tuesday, which interrupted a previous 8 straight days of inflows.
Does a bounce come here?
Source: TradingView
The short term chart shows that the $BTC price dropped through the upward trend line on Tuesday, and then plummeted like a stone to touch the very important horizontal support at $58,000. The decision to be made now is whether this is where a bounce takes place, or if t
We współpracy z: https://cryptodaily.co.uk/2024/08/bitcoin-btc-loses-6000-in-48-hours-high-volatility-continues
