Bitcoin Retakes $40K

Bitcoin crossed-over $41K overnight and is holding @ $40400

Bitcoin calls traders‘ bluff with fresh $40K fakeout as Fed decision day arrives

“Data from Cointelegraph Markets Pro and TradingView showed BTC/USD suddenly surging to highs of $41,700 on Bitstamp before instantly reversing.

Two hourly candles were all it took for the entire market to rise by $2,000, break significant resistance levels and come all the way back down again.

The move, while recently commonplace, was not without its casualties, as evidenced by liquidations across exchanges.

According to data from on-chain monitoring resource Coinglass, Bitcoin accounted for $98 million of these over the 24 hours at the time of writing. Total crypto liquidations for the period were just over $200 million.”



Master Asked on March 16, 2022 in Bitcoin.
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