CandleFocus Bitcoin (BTC) Approaching $70,000! Will the Rise Continue? Analyst Evaluates!
2024-10-16
Author: Content Editor
Bitcoin has surged to the $70,000 mark after experiencing a week-long upward trend. Analysts suggest that the rise in Bitcoin is linked to the increasing chances of Donald Trump winning the US presidential elections. Additionally, the decrease in selling pressure and the increase in short positions may contribute to the continued rise in Bitcoin. The surge in Bitcoin and other altcoins has led to liquidations, with a total of nearly $300 million in liquidated positions on centralized exchanges in the past 24 hours. Bitcoin, Ethereum, and Solana were the most liquidated assets during this period.
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