Bitcoin price is now eyeing the $73,000 level, right under its all-time high, where new short positions are beginning to stack up.to trade above the $70,413 mark, falling 0.55% in the 24 hours leading up to 9:45 am UTC, according to CoinMarketCap data.in the cryptocurrency market during the past 24 hours, with a total of $186.8 million worth of total liquidations, according to Coinglass data.BTC liquidations totaled $61.6 million, with over $33.9 million in short positions and $27.
“Historically, BTC halving events have marked significant points followed by 9–18 months of uptrend, culminating in cycle peaks. If historical patterns repeat, we may witness an uptrend for the remaining nine months of 2024, leading to a cycle peak expected between Q4 2024 and Q2 2025.”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.
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