Bitcoin daily chart technical analysis signals potential trouble. A bearish cross has formed again: the 50-day moving average has crossed the 200-day from above.
This is the second such signal since the January low. The previous cross in September 2023 led to several weeks of sideways trading, after which the price recovered. If the current situation repeats itself, then we can expect increased volatility in the Bitcoin market in the coming weeks.
And what about liquidations? Everything is business as usual…
In the last 24 hours, 55,381 traders were liquidated, the total amount of liquidations was $218.68 million.
The largest single liquidation order occurred on Binance - BTCUSDT for $10.83M.
So let's get ready🤒
