AMBCrypto's market analysis revealed that Bitcoin's [BTC] jump to $67,740 does not mean that the price would no longer nosedive
jump to $67,740 does not mean that the price would no longer nosedive. In fact, there is a chance that BTC could drop to $60,000.
On the downside, there was a major level at $60,160. As such, resistance between $67,000 and $68,000 could force BTC to drop to $60,000 which could later act as support.However, the most concentrated area of liquidity was $72,000, meaning that the next uptrend could push Bitcoin to this point. Establishing this bias was the Realized Price.In addition, we assessed the SOPR Ratio. SOPR stands for Spent Output Profit Ratio. By definition, SOPR measures the profit ratio of the entire market.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Decade-old Bitcoin wallets make a $60 million exit: What’s going on?Two Bitcoin wallets have recently woken up from their sleep of over a decade to rake in over 60 million in profit from their holdings.
Read more »
Zimbabwe to Get Over Half of $60 Million Payout for El Niño-Hit African NationsZimbabwe will get over half of an expected $60 million insurance pay out meant for four African nations as it reels from the impact of El Niño-induced drought that’s already slashed corn output and led to a state of disaster being declared.
Read more »
El Niño Sees African Union Insurance Agency Pay Out $60 MillionThe African Union’s climate insurance agency will pay out at least $60 million to four southern African nations to help them offset the impact of a drought that’s been driven by the El Niño weather pattern, its director general said.
Read more »
These luxe Amazon towels are all under $60Looking to stock your linen closet with the softest cotton and microfiber towels? Amazon is your one-stop shop. The best part? The palatable price points. Read on for seven faves.
Read more »
US FTC set to rule on $60 billion Exxon-Pioneer deal, Bloomberg reportsExplore stories from Atlantic Canada.
Read more »
FTC Set to Rule on $60 Billion Exxon-Pioneer Deal in Coming DaysThe Federal Trade Commission is set to decide whether to sue to block Exxon Mobil Corp.’s $60 billion acquisition of Pioneer Natural Resources Co. in coming days, according to people familiar with the matter.
Read more »