Bitcoin traders holding leveraged long positions face a critical liquidation risk at the $57,000 price level. This risk arises because if Bitcoin's price falls to this level, many leveraged long bets could be forcibly closed by exchanges due to insufficient margin, potentially triggering a rapid and sharp sell-off. The threat is heightened by thin liquidity in the market, which could amplify price drops during liquidations. Despite these risks, Bitcoin shows resilience with a possible bullish inverse head-and-shoulders pattern forming, suggesting a potential rally toward $76,000 if confirmed. The market remains cautious as historical bear cycles indicate further downside could still occur before a bottom is reached.
Bitcoin is on track to achieve a rare three-month winning streak from July to September, a feat last seen in 2012. The cryptocurrency rose 4.8% in July, 25.2% in August, and is currently up 10.9% in September, trading around $86,140. In 2012, a simil...
Zcash surged 10% to over $1,616, leading major cryptocurrencies higher as Bitcoin held steady near $86,900. The positive momentum follows the US House Financial Services Committee's approval of a bill to create a Strategic Bitcoin Reserve and the SEC...
Bitcoin surged to $86,423 after falling below $76,000 a week earlier, signaling a strong recovery despite recent setbacks. Experts Tom Lee and Kevin Maloney say the worst of the crypto market downturn is over, with Maloney noting renewed client inves...
Bitcoin is experiencing its best September performance in 14 years, gaining about 10.1% so far and approaching the $90,000 price level. This is notable because September has historically been a weak month for Bitcoin, with negative returns from 2017 ...
Bitcoin is approaching a critical resistance zone between $82,000 and $83,000, with a weekly close above this level seen as confirmation of a new bullish phase. The cryptocurrency has reclaimed its 50-week moving average around $77,500-$78,000, a his...
