Bicoin managed to break the $69,000 level after experiencing significant price swings last week.
Last week two major catalysts drove
Bitcoin’s price
to $66,000 – the rumours about Tether being
investigated
by the U.S. government and Israel’s
attack
on Iran’s capital.
Despite the downturn, Bitcoin surged by 2.36% in the past 24 hours to $69,000, surggesting a trend reversal.
During this period $100.73 million were
liquidated
form the crypto market ($43.04 million in long positions and $57.69 million in shorts).
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The 1-day technical analysis from TradingView also shows the bullish sentiment inthe crypto market. The summary and moving averages point to “strong buy” at 17 and 14, respectively, while oscillators show “buy” at 2.
At the time of writing, BTC has retraced back to around $68,600.
