Key facts: Bitcoin drops to $63,000; bullish signals emerge for recovery
-
Bitcoin fell from $68,000 to $63,000 on February 28, losing 8% in one day. A weekend sell-off liquidated over $200 million in long positions, causing a $72 billion market loss.
1
2
3
Bitcoin (BTCUSD) has broken above $71,500 with rising volume, targeting $74,000 and possibly $78,000. A drop below $64,000 could invalidate this trend, with support near $60,000.
4
Analysts indicate Bitcoin may be in a bullish phase, backed by on-chain signals. The Hash Ribbon metric shows a bottom after a three-month miner capitulation, often linked to price recoveries.
5
source: https://www.tradingview.com/news/tradingview:baa467609f63d:0-key-facts-bitcoin-drops-to-63-000-bullish-signals-emerge-for-recovery/
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Cadastrar Login