Bitcoin’s price movements over the last 24 hours have caused waves across the cryptocurrency market. The leading cryptocurrency faced a dramatic price correction, falling from $100,000 to $95,000, which led to $1.76 billion in liquidations affecting over 583,647 traders. This event has left many wondering about the next direction for Bitcoin and how to navigate…
Key Observation: What This Indicates: Market Implications: Key Levels to Watch: Actionable Strategies: Conclusion: The market is under pressure due to liquidation events, with the 100 EMA being tested but not broken on a closing basis. While it remains a critical support level, further liquidation cascades could challenge its integrity, making the 200 EMA and…
Bitcoin has once again reminded us why it’s one of the most exciting yet highly volatile and unpredictable assets. In the last 24 hours alone, over $1.76 billion in liquidations have shaken the market, impacting over 583,647 traders and causing Bitcoin’s price to drop from $100,000 to $95,000. If you’ve been wondering how to trade…
