Bitcoin's price has experienced a significant drop, wiping out $250 million in liquidations across the crypto market in the last 24 hours. The current price of Bitcoin is $68,500, a crucial support level.
Expert Analysis
According to experts, Bitcoin's price is testing the lower end of its local range, and bears are trying to regain control. The $66,000 - $68,000 range is expected to see significant liquidity, and a breakout above this level could signal a major bullish trend.
Market Outlook
The crypto market remains highly volatile, and investors are advised to exercise caution. Will Bitcoin's price bounce back, or will it continue to plummet? Stay tuned for more updates and analysis.
BTCUSDT
Perp
65,492.1
-2.62%