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BTCUSD Rebounds From 200-Week SMA Following Massive Liquidation Flush

Cointelegraph Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin experienced a volatile $600M+ liquidation event before rebounding on ceasefire news.
  • While the price reclaimed the critical 200-week SMA, analysts remain divided between a confirmed bottom and a potential bear trap, keeping the $50,000–$70,000 range in play.
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BTCUSD price history

75526.04 +14.89% over the displayed period

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