Daily BTC Overview
🔴 Market Liquidations in the Last 24 Hours (CoinGlass): ~51K traders, totaling ~$145M — ~70% long positions and ~30% short positions.
BTC is currently resetting its indicators with no significant price movements. We are around 64K and might see a short-term decline towards the support zone to perform a proper retest before continuing the upward movement towards 67K and then 70K 📈.
🔴There is speculation that the current returns from Mt. Gox might exert pressure on the price. However, 55% of the clients have stated they do not intend to sell their BTC. Therefore, I do not expect a major price dump, but a medium-term decline towards 50K is possible.
🟣Fundamental factors, such as significant announcements from figures like Trump in the USA, could have a notable impact on the market.
