Assessing Bitcoins price action over the last 12 hours

2023-4-27 13:15

Quick Take Yesterday, Bitcoin saw price levels of over $29,000 and as low as $27,300, but CryptoSlate believes this is due to an illiquid market. Bitcoin liquidity has dropped considerably in 2022 and has only gotten more illiquid into 2023, meaning price action for Bitcoin can move in either direction quickly. Due to the illiquid market, futures open interest dictates the price action. The total funds allocated in open futures contracts is roughly 350k, heading towards year-to-date lows. We can see notable spot price action when Bitcoin reached $27,000. For the short-term, most definitely, we expect the volatility to continue in Bitcoin. As a result, in the past 24 hours, we have seen over $350 million in liquidations, both short and long-term. Market Depth: (Source: Kaiko) BTC: (Source: Trading View)

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price bitcoin action dropped market increasingly illiquid

Источник: cryptoslate.com

price bitcoin → Результатов: 126


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The Bitcoin price has spent the majority of the past seven days consolidating around the $94,000 mark with signs of a break to either side. According to a crypto analyst, Bitcoin’s recent price movements have led to the creation of liquidity blocks observed between the $86,000 to $104,000 range, which raises an equal likelihood of a bounce towards $104,000 or a downside break to $86,000 from the current price.

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2025-1-11 17:48


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Bitcoin Price To See 70%+ Powerful Bull Wave To Push It Over $100,000, How High Can It Go?

The Bitcoin price is slowly breaching the $70,000 mark, showcasing steady upward momentum despite downward pressure from the bearish performance of the US equities market. Taking note of Bitcoin’s recent price movements, a crypto analyst has suggested that the pioneer cryptocurrency could be gearing up for a strong bull wave that could drive its price by over 70%, pushing it past the $100,000 milestone.

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