Bitcoin Is Fine As Long As It Holds Above $49,000: Analyst

Despite Bitcoin’s 13% drop in the past week, which saw it break below the psychological $60,000 level and drop 20% from its all-time highs, one analyst on X remains resolute. Drawing from the weekly chart, the trader┬ámaintains a bullish outlook, saying the coin will shake off weakness in the coming session. This aligns with bulls… Continue reading Bitcoin Is Fine As Long As It Holds Above $49,000: Analyst

Bitcoin Bears Beware: $3 Billion Short Liquidation Looms At This Price Mark, Warns Analyst

The Bitcoin market is currently on edge as prominent analyst Crypto Rover warns of a potential liquidation event that could negatively affect the short holders. With Bitcoin trading within a significant consolidation phase, as revealed by Rover, analysis suggests that over $3 billion in short positions could face liquidation should Bitcoin climb back to a… Continue reading Bitcoin Bears Beware: $3 Billion Short Liquidation Looms At This Price Mark, Warns Analyst