The Bitcoin liquidation levels showed the long positions far outweighed the short positions, showing the prices could slide lower next.Bitcoin saw a healthy uptrend at press time, but the New York Open on Monday the 22nd of April had not yet occurred.
This was a good place for prices to reverse bearishly. The New York session open could see prices jump past $66k, and collect the liquidity there. The invalidation of such a bearish reversal would be a continued move past $66k. A move below $64.5k would indicate that $63k was the next target.The liquidation levels showed the long positions far outweighed the short positions. This indicated that a downward move was favorable. The $66.8k region had a high concentration of large short liquidations.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
Bitcoin’s price drops to $66K: Blame the halving or something else?Bitcoin's [BTC] sudden retracement triggered liquidations worth $200 million from the entire crypto market in the last four hours.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin struggles below $66k, stocks mixed in volatile trading dayThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Bitcoin falls below $66k, altcoins get crushed as pre-halving pullback intensifiesThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Bitcoin holds above $66k while altcoins trade mixed and stocks spike higherThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Can Bitcoin above $66K reverse the $206 million outflows?Last week’s outflows from digital asset investment products more than doubled, as Bitcoin led with $192M amidst interest fears.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin at $66K: Why your BTC price predictions have been wrong latelyAs Bitcoin [BTC] extends its weekly loss by another 4%, its weighted sentiment continues on its bearish trend, according to Santiment’s data.
Source: CryptoAmb - 🏆 22. / 68 Read more »