Bitcoin

<ul><li>Bitcoin&#39;s sharp dip creates a $30M liquidation pool at $63,800, signaling high trader leverage.</li><li>TD Sequential suggests a potential Bitcoin rebound; support at $63,900 crucial for price recovery.</li><li>With RSI neutral at 52.39 and MACD showing bullish momentum, Bitcoin&#39;s near-term outlook is mixed.</li></ul><a href="https://cryptotale.org/bitcoin-faces-market-pressure-amid-mt-gox-distribution-key-levels-to-watch/" rel="noopener noreferrer nofollow">Bitcoin</a> is experiencing a period of high volatility as traders leverage positions amid a price dip. As highlighted by <a href="https://x.com/ali_charts/status/1816293260022649179" rel="noopener noreferrer nofollow">Ali Martinez</a>, a top analyst, this activity has created a $30 million liquidation pool, with the price sitting at $63,800.<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe53Tdtccf0vLRbzSIQA11I-rmOROpxkolWXL-ZCSw7vo5JcSDLu_5GC036MkJRIFImtJ_0DorJxmpuG8N38DKS88wA3c110S-NssjXLdtly62mLg8E_901QPObNjJA26VdWVsuHtBw_OKOQwE2kixsEUdP?key&#61;LFl3Z5j6T7lY5-xi6L19BQ" />Further noted by <a href="https://x.com/ali_charts/status/1816306835223162898" rel="noopener noreferrer nofollow">Ali Martinez</a>, the TD Sequential indicator is signaling a potential buy opportunity on the hourly Bitcoin chart, suggesting that a rebound might be on the horizon. The Bitcoin price chart against Tether on the 1-hour timeframe has shown notable trends and key levels.<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfpGM12ECUgP21pk2Az2dL9ewbvRmFZc_ZGAnaXfC83L1eW4SeRKM_TIN98RmxOw7KBzcHVplr1NPJVT5dwVwj8uKnz9t0pO3Ret4bZAc_niB1D1Yo1CRAH_WlgT47cvyFGZEYhc6wf5WSXpc3F-xzVgcFX?key&#61;LFl3Z5j6T7lY5-xi6L19BQ" />The current trend is characterized by a sharp decline, highlighted by a large red candlestick, which suggests strong bearish sentiment. This downward movement has placed Bitcoin below its moving average, which is also trending downward, reinforcing the bearish outlook.<a href="https://cryptotale.org/btc-dips-to-63-8k-will-the-30m-liquidation-pool-trigger-a-rebound/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

BTC Dips to $63.8K: Will the $30M Liquidation Pool Trigger a Rebound?

CryptoTale

Other articles published on Jul 26, 2024

Companies Embrace Bitcoin to Revitalize Their Finances

Polkadot and ONDO Bleed As Raboo Celebrates $2M Presale Achievement

Looking Back at Pi Network’s ‘Pi2Day Challenge’

RFK Jr. Vows U.S. Bitcoin Holdings Match $615 Billion Gold

Bitcoin Tests Historical Support Level

Celestia’s New Rival Launches in Mainnet: What is Avail DA?

Join our free newsletter for daily crypto updates!