Bitcoin has dumped below $70,000, wiping out almost $120 billion in the last 24 hours.
Almost $900 million in long positions has been liquidated in the past 24 hours, and $BTC is now trading near its 2021 all-time high.
Here's an observation that welcomes all the bears and haters to criticize:
This is the 2-week chart. Every time the price has gone below the lower Bollinger Band since 2014, it has marked the bottom (or very near the bottom) before a strong recovery.
We are below it now.
BTCUSDT
Διην.
65,476.9
-11.16%