Bitcoin Liquidations Hint At Potential Volatility – Is BTC Bull Run At Risk?

Quick Summary:

Bitcoin has reached local highs below $69,000 after weeks of steady bullish price action, igniting excitement and caution across the market.

Investors are bracing for potential volatility, as this critical price zone has triggered sharp rejections five times in the past few months.

However, there is a significant risk that the price may target lower liquidity levels to find the necessary fuel for a further push upward.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: Hungary

Topics: Bitcoin Liquidatioins Bitcoin Bitcoin Rally BTCUSDT Bitcoin News Bitcoin news Btc Bitcoin Price Analysis Bitcoin price Bitcoin holder

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-19 @ 19:00:40 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 572 words

Reading Time: 4 minutes read

Sentences: 58 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 23128784

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 10 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 14 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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