Bitcoin's old 2021 all-time high proves to be a magnet as bulls' latest charge is cut off near two-week BTC price highs.) saw fresh volatility at the March 27 Wall Street open as analysts said that short liquidations were now long overdue.A sudden correction then saw BTC/USD drop $1,300 in minutes, going on to total more than 4% as bulls fought to flip the key $69,000 zone to support.
After net inflows of more than $400 million the day prior, Wall Street trading began with a modest 1,300 BTC outflow from the Grayscale Bitcoin Trust .Liquidating short BTC positions was now a key topic of discussion for market observers. The latest data from on-chain monitoring resourceFurther out, fellow trader CrypNuevo hoped for an attack on the final band of shorts around recent all-time highs at $74,000.
“Mid term: Liquidity at both sides but more likely to go for the upside liquidations at $74.1k because they're closer from current price,” he$69,000 remains key point on the BTC price map With $68,500 coming back into play at the time of writing, popular trader Crypto Ed was among those calling for calm.That price, he said in his latest YouTube video released on the day, would form a potentially suitable long entry and would not constitute a major corrective move.
“Not really sure if this next move is really a big one — $73,000 maybe,” he suggested about where BTC/USD could go thereafter.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Bitcoin pro traders were unmoved by BTC’s sell-off, data points to new price highsData suggests Bitcoin does not need soaring spot BTC ETF inflows to rally higher.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Bitcoin price clear for new record high as GBTC outflows drop to $170MBTC price is seeing retesting all-time highs as Bitcoin ETF trends flip in bulls' favor.
Source: Cointelegraph - 🏆 562. / 51 Read more »