CandleFocus Bitcoin Surges Past $65k, Liquidations Fuel Rally, $70k Next?
2024-10-15
Author: Content Editor
Bitcoin (BTC) has surged to the $65,000 price level, with a daily high of $66,482. This increase is attributed to the liquidation of short positions and high trading volume. Santiment, a blockchain analysis platform, expects an uptrend to be confirmed if BTC maintains a price above $66,000. They also note that previous instances of large DeFi liquidations have led to higher Bitcoin prices. With predictions of Bitcoin reaching $70,000 and above, investors are anticipating a breakout for the leading digital asset. Currently, Bitcoin is trading at $65,299, up 2.5% in the past 24 hours.
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