Is Bitcoin heading to $74,000?
Last night, short positions worth $150 million were liquidated. If we manage to break the 72,000 mark today and hold it, there are good chances to reach 74,000 and collect all the stop losses of the shorts.
I've seen a lot of different posts from traders over the week and noticed that all the stop losses are set between 72,000 and 74,000. As I mentioned earlier, if we collect the stop losses, it will act as fuel for growth. And judging by the fact that many have been caught in shorts, a cascade of stop losses will allow us to fly to 74,000.
Share your thoughts on this matter.
