📉Bitcoin briefly drops below 67K, is the dream of new highs shattered? 🤔
Last night, the price of Bitcoin briefly fell below the $67,000 mark, raising concerns among many about whether the upward trend of Bitcoin is about to pause.
During the European trading session last night, sellers suddenly took action, pushing the price of Bitcoin down significantly. As a result, over $200 million in derivatives were liquidated, and in just the past 4 hours, $61.87 million in leveraged positions (mostly long) were cleared out.
Currently, there is a lot of uncertainty in the market, and everyone is guessing whether Bitcoin is entering a consolidation period or will continue to push towards new highs. Well-known traders, such as Emperor from user X, even predict that the price might drop to $62,000.
However, most of the market is still adjusting, and the decline is relatively mild. Let's wait and see how Bitcoin moves next!
