Last night the market shocked everyone.

Bitcoin first dropped to $75,600, everyone was scared that the market will fall more.

But then suddenly Bitcoin made a strong comeback and reached $80,480. Up 4.6% in just 24 hours!

In this comeback, the biggest loss was for those who had put Short, meaning those who were thinking Bitcoin will fall more. In the last 24 hours, almost $974 Million, almost $1 Billion got liquidated. Out of this, 59% were only Shorts.

In Bitcoin alone, $396 Million got liquidated, out of which 78% were Shorts.

Ethereum showed even more speed than Bitcoin, up 6.8% to $2,418.

Why did all this happen?

1. After the election in America, the market made a comeback

2. Oil price fell, Dollar became weak

3. Big players bought heavily at $75,000

What will happen next?

Now everyone's eyes are on $80,000. If Bitcoin stays above this, the next target can be $82,000. And if it goes below $76,000 again, then fear can come back.

My advice: Do not put Short or Long in a hurry. Market is very fast right now.

What do you think? Will Bitcoin now go to $85,000 or will it come back to $75,000? Tell me in the comments.

#BTC #Bitcoin #Crypto #Binance #Ethereum✅