Bitcoin Long Liquidations ‘Starting To Shake Things Up’ – Liquidity Reset Or Deeper Retrace?

Quick Summary:

Bitcoin has entered a consolidation phase after falling short of breaking its all-time high this week, leaving bulls in anticipation of the next big move.

Currently trading just below its previous peak, BTC’s inability to push past this level has led to a temporary reset in momentum.

If the price can sustain above this level, it will likely set the stage for a challenge against the previous all-time high.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: Hungary

Topics: Bitcoin news Bitcoin technical analysis Bitcoin ATH Bitcoin News Bitcoin Bull Run BTCUSDT Bitcoin liquidations Bitcoin longs Btc Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-02 @ 20:30:45 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 615 words

Reading Time: 4 minutes read

Sentences: 53 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 23371804

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 13 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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