Bitcoin Breaks $68K, After Recent Price Slump

Bitcoin managed to regain its bullish momentum after the recent crypto market correction.

After the recent stock market crash, that deleted over $1 trillion, and the crypto market correction, Bitcoin is again on track to the $70,000 barrier.

At the time of writing, Bitcoin is trading at slightly over $68,000 after a 5% surge in the past 24 hours and has a $32.1 billion volume.

The total market cap of the crypto market reached $2.4 trillion after surging 4% and Bitcoin represents $1.34 of the total value.

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According to CoinGlass data, $122.90 million were liquidated in the past 24 hours ($40.3 million in long positions and $82 million in shorts),

The 1-day technical analysis from TradingView also showcases the investors’ bullish santiment. The summary and moving averages show “strong buy” at 16, while the oscilators point to “buy” at 2.

Alexander Stefanov