Massive liquidation worth $1 billion when Bitcoin hits the $87,000 mark: What happens next?
- Bitcoin’s price surged to a daily high of $87,000, marking the highest level since January and bringing the market capitalization close to the $1.8 trillion mark.
- The rally has triggered liquidation orders worth over $1 billion, mainly impacting short positions, with more than 139,000 traders forced to close their positions.
- Analysts are now focused on the $88,000 resistance level, with potential targets of $90,000 and $95,000 if Bitcoin can maintain its upward momentum above this threshold.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
- Bitcoin’s price surged to a daily high of $87,000, marking the highest level since January and bringing the market capitalization close to the $1.8 trillion mark.
- The rally has triggered liquidation orders worth over $1 billion, mainly impacting short positions, with more than 139,000 traders forced to close their positions.
- Analysts are now focused on the $88,000 resistance level, with potential targets of $90,000 and $95,000 if Bitcoin can maintain its upward momentum above this threshold.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
