Bitcoin (BTC) has been continuing its upward trend recently, with a 2.3% price increase and 11.89% increase in trading volume compared to previous day. Short traders have been hit hard by this momentum, with a total of 50.31 millions worth of crypto liquidated in the last 4 hours, 14.43 millions of that from shorts and only 1.33 millions from longs. Popular crypto analyst CrediBULL Crypto predicts a period of little resistance, and has identified $35,400 as an important price level to watch. The year-to-date increase in Bitcoin has been 114%, and with anticipation for a potential Bitcoin spot ETF approval from the US SEC and the upcoming halving, Bitcoin could have significant gains in the near future.
Izabella Allen
- 2023-11-08
Bitcoin's Recent Price Increase and Trading Volume
![CandleFocus Bitcoin-BTC-PriceIncrease-TradingVolume-ShortTraders](https://images.candlefocus.com/Bitcoins-Recent-Price-Increase-and-Trading-Volume.jpg)