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  • Bitcoin reached $ 61,000 after a rapid change on Wednesday

Bitcoin reached $ 61,000 after a rapid change on Wednesday

 تاریخ انتشار :
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  Bitcoin

TL; DR separation:

  • Bitcoin returned $ 60,000 after printing more than $ 1.5 thousand an hour.
  • Returning capital rates are neutral and open interest rates begin to rise again.

The largest digital currency, Bitcoin (BTC), returned to the $ 61,000 area after experiencing a rapid correction on Wednesday, which fell by almost $ 2,000 in a matter of minutes.

Within four hours of yesterday’s correction, about $ 89 million worth of bitcoin cash positions were cashed out. The whole scenario sparked a downward spiral that the leading digital currency is booming sharply after hitting a high of $ 67,000 last week.

Bitcoin jumped to $ 61,000

Bitcoin traded at a low of $ 58,000 today. However, hours ago, when the price suddenly rose above $ 1,500 per hour candle, the movement revived. This increased the bitcoin inflow from $ 58,975 to $ 60,568 and subsequently $ 61,234 in Bainance to $ 60,568.

Bitcoin reached $ 61,000 after a rapid change on Wednesday

At the time of release, Bitcoin had fallen slightly to $ 60,900. While prices may be higher than this, it should be noted that financing rates are currently almost neutral, which is often a sign of another rise for BTC.

Open interest in the futures market has also begun to rise again. According to Bybt data, in the four-hour chart, the market has grown + 1.93%. Bitcoin open interest is currently worth $ 24.01 billion, led by Binance.

Is the $ 100,000 forecast intact?

Judging by the current market situation, a $ 100,000 bitcoin in December seems far-fetched but not impossible. The crypto community now has a mix of people hoping to make this prediction this year and those who believe 2022 will be the year, just like CoinList CEO Graham Jenkin.

However, it is worth noting that bitcoin has increased by more than 200% since the beginning of 2021.