Bitcoin Price Alert!!!
Recent data indicates that Bitcoin (BTC) has hit new local highs, reaching approximately 98,020 following an influx of purchasing activity from “large spot buyers.” This marked an increase of over 3% on the day and has prompted renewed discussions within the community regarding the potential for a “Santa rally, a term commonly associated with stock market gains during the holiday season.
On-chain data has revealed that nearly 40 million in short positions were liquidated over the past 24 hours. This high level of trading activity contributed to a more than 150 million in liquidations across the cryptocurrency market, highlighting significant volatility. Traders on social media, including the analytics account Exitpump, expressed optimism about the incoming purchases, suggesting that “large spot buyers showing up” could lead to sustained price increases.
As we have seen Bitcoin 1 day price chart, all previous downrad in a same patteen as i have mentioned in price chart, so likely we have seen some decline and then rebound again, during holidays market is slightly parallel. No big downfall and upward momentum seen in previous 3-4 days.
So btc may rebound again now, look at blue highlights...
Thankyou
