Bitcoin slides another 3% — Is BTC price headed for $69K next?

Quick Summary:

Liquidation levels on either side of the spot price look ripe for the taking, with longs already paying as BTC/USD sags to $83,000.“Liquidation map says: Whales hunting stops! ” popular trader TheKingfisher wrote in a warning to X followers on the day.“Lots of LONG liquidations around $84300!

For popular trader Mikybull Crypto, there is a clear chance that Bitcoin will retest its 50-week simple moving average (SMA).“$BTC likely heading for the MA support for a potential local bottom,” he predicted.

Source: Cointelegraph/TradingView95% odds that $69,000 will holdAs Cointelegraph reported last week, a historically accurate BTC price mechanism suggests that the real floor now lies at around $69,000.

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Article Details

Author / Journalist: Cointelegraph by William Suberg

Category: Crypto

Markets: United States

Topics: 50-week Price Levels Cointelegraph Data Popular Bitcoin Btc/usd Weekly Crypto Last

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-09 @ 16:19:29 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 470 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © Coin Telegraph

News ID: 26826717

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 781 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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