How close are we to the end of Bitcoins [BTC] sluggish consolidation phase - BitcoinEthereumNews.com
Bitcoinहम बिटकॉइन के [बीटीसी] सुस्त समेकन चरण के अंत के कितने करीब हैं06 / 03 / 2022बिटकॉइन एथेरियम समाचार अस्वीकरण: प्रस्तुत जानकारी वित्तीय, निवेश, व्यापार या अन्य प्रकार की सलाह का गठन नहीं करती है और केवल लेखक की राय है। Bitcoin for almost the past month has been consolidating within a very limited range, roughly between $28k to $31k. The tragic fall after Terra USTs depegging fiasco has hit every coin in the market, including the flagship cryptocurrency. And, looks like it is set to continue. Why, you may ask On the technical front, Bitcoins price recently attempted to breakout of this three-week-long consolidation region. But unfortunately, it was immediately rejected and it fell back into the range. This very clearly shows the lack of strength on the upside for BTC. Moreover, volumes have been poor and even the RSI has been trudging along rather sluggishly. बीटीसी/यूएसडीटी | स्रोत: ट्रेडिंगव्यू Besides that, liquidations data from Coingglass.com also depicted a worrying sign. The near 8% correction on 1 June after the rejection of the range breakout was followed by huge long liquidation in Bitcoin. Nearly $336 million worth of Bitcoins long positions were liquidated. And, this was the single largest liquidation day in the past three months Bitcoin Total