bitcoin (BTC អ) continued a stunning comeback on Jan. 14 as $21,000 appeared for the first time since early November.
Bitcoin cracks key trend line for first time since $69K
ទិន្នន័យពី Cointelegraph Markets Pro និង ទិដ្ឋភាពពាណិជ្ជកម្ម followed BTC/USD as it hit highs of $21,247 on Bitstamp overnight.
The pair had faced major suspicion after it began to make up some serious lost ground through the week, with analysts warning that a retracement could occur at any time.
“Similarly to ETH, BTC is gaining momentum,” on-chain analytics resource Material Indicators បានកត់សម្គាល់ about Bitcoin beginning to copy Ether (សាកលវិទ្យាល័យ ETH) strength on short timeframes.
A tweet added that price action “has pushed past critical resistance at the 200-Day Moving Average and the 2017 Top (BTC)/ 2018 Top (ETH).”
“Buckle up for volatility!” Material Indicators concluded.
“2 days to go but this weekly btc candle is solid AF breaking very key trendlines and low timeframe momentum is still going strong,” popular trader Bluntz, meanwhile, សង្ខេប about the upcoming weekly chart close.
“Current BTC Weekly Candle is very close to equaling the Weekly Candle from April 2019 that confirmed a new BTC Bull Market,” he បានអធិប្បាយ រួមជាមួយនឹងគំនូសតាងមួយ។
Bitcoin short liquidations set 18-month record
In the midst of the now rare upside, Bitcoin unleashed serious pain for bears, liquidating hundreds of millions of dollars in short positions.
ដែលទាក់ទង: Bitcoin បានកើនឡើង 300% ក្នុងឆ្នាំមុនពេលពាក់កណ្តាលចុងក្រោយ - តើឆ្នាំ 2023 ខុសគ្នាទេ?
នេះបើយោងតាម ដល់ Coinglass ទាំងនេះសរុបប្រហែល 125 លានដុល្លារសម្រាប់ថ្ងៃទី 14 ខែមករាតែម្នាក់ឯង ជាមួយនឹងរយៈពេលចាប់ពីថ្ងៃទី 11 ខែមករា តទៅ នាំមកនូវការទូទាត់ខ្លីៗជិត 300 លានដុល្លារ។
Including altcoins, liquidations totaled nearly $775 million for the same three-day period.
Commenting on futures short liquidations, Dylan LeClair, senior analyst at UTXO Management, noted these hit their highest daily levels since mid-2021.
“July 2021 saw Binance USDT denominated futures going extremely short BTC and paying and arm & a leg to do it,” he ពន្យល់:
“USD denominated shorts getting liq’d is opposite effect of crypto denominated longs unwinding. 30k summer bottom was set day of FTX fresh raise.”
Source: https://cointelegraph.com/news/bitcoin-price-blasts-past-21k-as-3-day-short-liquidations-near-300m