Bitcoin at $60,000: Why BTC’s rally has just begun

The data shows that bulls are back in Bitcoin, and BTC may hit $64,000 soon if the 4-hour candle closes above the $60,700 mark.

The data shows that bulls are back and BTC may hit $64,000 soon if the 4-hour candle closes above the $60,700 mark.Bitcoin

If it closes with a strong daily candle above the $60,700 mark, there is a high possibility that we may see BTC at the $64,000 level in the coming days. Besides this higher time frame bullishness, it also formed a bullish ascending triangle price action pattern in a 4-hour time frame. If it gives a strong candle closing above $60,700 then there is a high chance we may see a bullish move up to $64,000.However, if BTC reaches the $64,000 level, nearly $1.22 billion of short positions will be liquidated.

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