Bitcoin Is Working Its Way Towards This 'Liquidation Zone' But There Is One Danger, Trader Warns
Portfolio Pulse from Khyathi Dalal
Crypto trader CrypNuevo discusses Bitcoin's approach towards a $69,000 liquidation zone, highlighting potential liquidity runs and market mechanics. He warns of aggressive downside price moves and the possibility of false moves at the start of the week.
May 20, 2024 | 1:06 pm
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Bitcoin is nearing a $69,000 liquidation zone, with potential liquidity runs and aggressive downside price moves. Timing is crucial, with false moves likely at the start of the week.
CrypNuevo's analysis suggests that Bitcoin is approaching a significant liquidation zone at $69,000. The potential for liquidity runs and aggressive downside price moves could lead to short-term bearish momentum. Timing is crucial, with false moves likely at the start of the week, which could impact traders' strategies and market sentiment.
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IMPORTANCE 90
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