Bitcoin

when

Foundation

According to crypto analyst Ali Martinez, a level in Bitcoin price could play a critical role in preventing a sudden downward movement.
Martinez argued in his statement on social media platform X that when Bitcoin MVRV price bands are examined, the $54,240 level is a very important level to watch. According to the analyst, if this level is broken, a correction to $41,100 may occur.
According to the analyst, if the price drops to $54,240, a $24 million liquidation series will be triggered on cryptocurrency exchange Binance.
Related News: <a href="https://en.bitcoinsistemi.com/is-the-ethereum-foundation-selling-again-new-heres-the-new-onchain-data/" target="_blank" rel="noopener noreferrer nofollow">Is the Ethereum Foundation Selling Again? New Here's the New Onchain Data</a>
However, the Bitcoin price has made an attack in recent hours and has eased the price by moving slightly away from the critical analyst level. At the time of writing this article, the BTC price is trading at $ 57,308 after an increase of approximately 5% in the last 24 hours. At its peak, levels above $ 58,000 were also seen in the last hours.
Among the world's top 100 cryptocurrencies, Fantom (FTM) has seen the biggest increase in the last 24 hours. FTM has risen by 16% in the last 24 hours.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-analyst-warned-if-btc-price-falls-below-this-level-liquidation-series-may-be-triggered/" rel="noopener noreferrer nofollow">Bitcoin Analyst Warned: “If BTC Price Falls Below This Level, Liquidation Series May Be Triggered!”</a>

Bitcoin Analyst Warned: “If BTC Price Falls Below This Level, Liquidation Series May Be Triggered!”

Bitcoin Sistemi EN

Other articles published on Sep 10, 2024

Weekly Article Recap: 9/02-9/06

Cryptos with 20x Potential to Watch in 2024

Lombard Converts All Wrapped Bitcoin to LBTC

US Spot Bitcoin Exchange Traded Funds (ETFs) End $1.2 Billion Negative Streak! Here Are the Details

State Street, Galaxy launch 3 new crypto ETFs

Solana Memecoin Pepe Rektember to Surge 16,000% Before Exchange Listings, As BONK and Shiba Inu Drop

Join our free newsletter for daily crypto updates!