Bitcoin’s Volatile Shift and Critical Price Levels to Watch

The leading cryptocurrency, Bitcoin (BTC), significantly approached the $31,000 price level after exceeding $30,900 in the afternoon. However, it fell back to $30,500 levels shortly after. The cryptocurrency market rose due to the value increases BTC recorded during the afternoon. The total market value of the cryptocurrency ecosystem increased by 1.7% in the last 24 hours to $1.19 trillion, according to CoinMarketCap (CMC) data. On the other hand, due to the volatility in the cryptocurrency market, approximately $65 million worth of short and long positions were liquidated in the last 24-hour periods according to Coinglass data. The largest share of the total liquidated short and long positions was BTC positions, with approximately $26 million in liquidations. Can Bitcoin Continue to Rise? Cryptocurrency analyst Michaël van de Poppe assessed the current technical outlook for Bitcoin in a post on his Twitter account and pointed out potential price levels that could play […] The post Bitcoin’s Volatile Shift and Critical Price Levels to Watch appeared first on COINTURK NEWS.