Bitcoin Price Soars Above $65K - We are a hair away from major short liquidations - Is This the Start of a New Bull Run?

Bitcoin Price Soars Above $65K – We are a hair away from major short liquidations – Is This the Start of a New Bull Run?

July 19, 2024 1 min read

Hey r / cryptocurrency

The current market is quite crazy. A few days ago, everyone was still in bear market mode. BTC is showing a lot of strong volume that allowed it break past the $64k resistance. ( a tweet from a few hours ago)

If we look at the liquidation heat map. Most short liquidation will happen above $67k.

What do you think will we dip back to $55k or break above $70k?

Either way IMO good things will happen for those that just keep on holding till euphoria stage.

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