Can Bitcoin Price Be Saved by a $2.5 Billion Move from Investors?

Monday, 18 March 2024, 17:30

Bitcoin's price is currently at $67,768, above the $63,724 support level. Despite ongoing corrections, investors' conviction is evident as they continue adding BTC to their wallets. $2.5 billion worth of Bitcoin recently left exchange wallets, mainly by retail investors, contributing to the current optimism. However, potential profit booking poses a threat, risking BTC falling below $60,000 if $63,724 support is breached.

Bitcoin Price Saved by Its People

Bitcoin's current price is at $67,768, above the $63,724 support level.

In the past week, nearly 36,640 BTC worth over $2.5 billion has left exchange wallets.

Long liquidations have been scarce, indicating optimism among traders and investors.

BTC Price Prediction: Watch out for This Level

Bitcoin's ability to sustain above $60,000 and maintain $63,724 as support is vital.

Despite this, potential profit booking increases the risk of BTC falling below $60,000.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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