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Bitcoin at a Crossroads: $60K Support vs. $2 Billion Liquidations Coin Edition 20 Sep 2024

Bitcoin at a Crossroads: $60K Support vs. $2 Billion Liquidations ⚖️

Bitcoin

Bitcoin (BTC), the top digital asset, hovers near the $60,000 mark, despite a recent rally that pushed it past this level. The cryptocurrency aims to overcome the $64,000 resistance zone, but billions in liquidations loom.

Data from Coinglass's Bitcoin Exchange Liquidation Map reveals that if BTC falls below the $60,000 price level, approximately $2.17 billion in liquidations could occur. Traders and investors are closely watching these critical price points to determine Bitcoin's next move.

Source: coinedition.com ↗

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