Bitcoin must hold above $95K or face short-term rejection: Bitfinex
Bitcoin’s price is just a few hundred dollars away from putting $400 million in short positions at risk of liquidation.
Key takeaways:
Bitcoin must maintain above $95,000 to have a chance at retesting its $109,000 all-time high; failure to hold could lead to a deeper correction, crypto analysts warn.
Several crypto analysts told Cointelegraph in March that Bitcoin may have a chance of reaching new all-time highs in June.