$BTC
Bitcoin looks to break through the Bollinger range amid $136 million worth of short position liquidations
$92,038.30
1.67%
According to "The Crypto Basic" website, Bitcoin shows signs of a potential price breakout, as $136 million worth of short liquidations indicates a change in market sentiment. The price has increased by 2.4% in the past 24 hours to reach $92,502, with a trading range over the past 24 hours between $90,040.61 and $94,489.84. The total market capitalization is $1.85 trillion, with a daily trading volume of $52.71 billion. Currently, Bitcoin is trading near the $92,000 level, showing attempts to test key resistance levels. The Bollinger Bands show that the upper band is at $94,680.44 and the lower band is at $84,758.54. A breakout above the upper band could push the price towards $97,500, while a drop below the middle band could test the $84,758 level. Regarding the Awesome Oscillator (AO), it is currently negative at -2,048.93, but the recent green bars on the chart indicate weakness in the bearish momentum. The liquidation data over the past 24 hours shows total liquidations worth $167.07 million, with $136.16 million from short sales (short selling).
Source:عر