Bitcoin continues to panic the counters, it rises above $26,000 – This Tuesday, March 14, the king of cryptocurrencies continues to climb. Operators were awaiting the publication of inflation figures (CPI index) in the United States. The post to give away reason for consensus, inflation falls to 6%. This fueled Bitcoin price soaring above $26,000.
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Bitcoin price climbs 7.5% in 24 hours
Today, the price of bitcoin (BTC) evolve between $24,000 And $26,400. Another day in the green for the king of cryptocurrencies:
In 24 hours you BTC shows a 7.5% rise against the dollarand in a week the price is up by 15.5%. In the space of three months, Bitcoin tries to make us forget the bear market in a rapid rise of 42%. For the moment, Bitcoin slightly outperforms Ethereum (+2.85% south a month).
Bitcoin price rises, less seller gets liquidated
Some market players use theleverage, this kind of practice should be handled with care. Indeed, some and leave feathers, as evidenced by this graph which recovers the liquidation amount :
In total, it is no less than $80 million liquid side shorts the day of March 13. Today, the chart shows more or less the same amount. After a complicated year has passed, the bulls are taking their revenge!
Bitcoin breaks resistance at $25,000, next resistance at $28,500?
In L’yesterday’s editionthe possibility of a return to $25,000. Bitcoin did better, it broke the resistance :
Now the next solid resistance is found $28,500. If candidates keep you Support of $25,000, the Bitcoin price could find this resistance (+14%). Be careful all the same, it is not excluded that buyers consume profits, and the price falls below the support. If you are married, a return to the level of the next support at $23,900 cannot be excluded. You IRS I found a new level resistanceIn south-purchase sector. So far, no sign of divergebut the momentum begins warm up.
Bitcoin breaks resistance at $25,000, if the buyers push, the price could go back to $28,500. The market liquidates on short selling days, nearly $160 million was liquidated in two short-side positions.
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