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Bitcoin suddenly hits $60K as a new resistance battle liquidates $850M
BTC/USD reaches $61,000 for the first time in almost one month in a fresh burst of bullish market action.
...
"Being a bear is expensive"
Cointelegraph Markets Pro and TradingView showed a sudden push allowing BTC/USD to exit the $50,000 corridor overnight on Friday.
The move had been weeks in the making — a convincing attack on $60,000 resistance, the last before all-time highs, had previously failed to materialize before.
Now seemend different, however, with Bitcoin going on to pass $61,000 before consolidating at around $60,650 at the time of writing.
"$163,745,606 of Bitcoin shorts liquidated in an hour," quant analyst Lex Moskovski noted on Twitter as the market turned.
....
https://cointelegraph.com/news/bitcoin-s...dates-850m
BTC/USD reaches $61,000 for the first time in almost one month in a fresh burst of bullish market action.
...
"Being a bear is expensive"
Cointelegraph Markets Pro and TradingView showed a sudden push allowing BTC/USD to exit the $50,000 corridor overnight on Friday.
The move had been weeks in the making — a convincing attack on $60,000 resistance, the last before all-time highs, had previously failed to materialize before.
Now seemend different, however, with Bitcoin going on to pass $61,000 before consolidating at around $60,650 at the time of writing.
"$163,745,606 of Bitcoin shorts liquidated in an hour," quant analyst Lex Moskovski noted on Twitter as the market turned.
....
https://cointelegraph.com/news/bitcoin-s...dates-850m
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