$20 Million in Bitcoin (BTC) Long Liquidation Over the Last Hour, Funding Rates Turn Euphoric - BitcoinEthereumNews.com
सौजन्य: संतमतबिटकॉइन के लिए आगे क्या है? As we know, Bitcoin has shown strong volatility, especially since Russia‘s invasion of Ukraine. The BTC price has been showing wild swings in the range between $35,000-$42,000. Just before last week’s rally, we have seen BTC showing strong consolidation at around $39,000. Bitcoin recently met resistance at $42,000, however, this wont be an end to the upward resistance. It can take support at $40.4K before resuming its upward journey once again. If BTC manages to breach $42K on the upside, then $46K-$47K will be the next resistance level. Even if it breaks above this, the next interim price target remains $49K-$59K. However, the downside risks remain at the same time. Popular market analyst Michael Van de Poppe writes: “If $39.6K is lost, we probably are going to see a lot of pain”. In this case, we can see the BTC price potentially falling to $35K. If it fails to hold these levels, it can further drop to $30,000. Last week, the Federal Reserve raised interest rates but despite that, Bitcoin made strong gains. It looks like the market has already factored-in such events. अस्वीकरण प्रस्तुत सामग्री में लेखक की व्यक्तिगत राय शामिल हो सकती है और यह बाजार की