Bitcoin (BTC) has soared above $72,000, with over $250 million liquidated in the process, once again nearing all-time highs.
According to crypto exchange data aggregator Coinglass, $265.27 million worth of positions were liquidated in the past 24 hours, the majority of which were short BTC positions.
Binance had the most liquidations, followed by OKX and HTX.
Bitcoin is currently up about 1.5% towards its all-time high.
Secretly followed trader Dave the Wave convinces his 146,000 followers on social media platform He said that he was likely to get back into business because he managed to get out of the market in a slow manner and continued to record green candlesticks.
“The BTC bull market is alive and well…or is it different?”
And Brandts, a pseudonymous trader who achieved the rank of “Master Trader” on the cryptocurrency exchange Bybit, predicts that the price of Bitcoin will rise significantly into six digits.
Using Elliott Wave Theory, which aims to predict price movements in “waves” (third and fifth being the largest) based on crowd psychology, Brandts predicts that BTC will rise by roughly next March. showed a path forward that could reach around $120,000.
“It's happening.”
Pseudonymous crypto analyst Recto Capital told X's 508,000 followers that Bitcoin has broken out of a bullish flag, a bullish setup with an uptrend followed by consolidation and further breakouts. spoke.
“Bitcoin is already coming out of the bull market.”
The only condition for the breakout to be fully confirmed is for the price to remain above $69,000 for the rest of the week. ”
At the time of this writing, Bitcoin is trading at $72,888, up 111% in the last year.
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Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. Additionally, The Daily Hodl is not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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