Bicoin managed to break the $69,000 level after experiencing significant price swings last week.
Despite the downturn, Bitcoin surged by 2.36% in the past 24 hours to $69,000, surggesting a trend reversal.
During this period $100.73 million were liquidated form the crypto market ($43.04 million in long positions and $57.69 million in shorts).
The 1-day technical analysis from TradingView also shows the bullish sentiment inthe crypto market. The summary and moving averages point to “strong buy” at 17 and 14, respectively, while oscillators show “buy” at 2.
At the time of writing, BTC has retraced back to around $68,600.
