Another new ATH for Bitcoin (BTC) : the latter does not however manage to touch the 50,000 USD. The bears continue to unite, preventing the bulls from running quickly to this symbolic level. Support from Tesla and MicroStrategy would continue to bear fruit.
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The main BTC bulls according to eToro
Bitcoin hit a new one at $ 48,644 today. The BTC also bottomed at $ 46,443. It is trading at $ 47,304 at the time of writing.
Bitcoin Currently experiencing a daily loss of 0.86%, which is an amount of $ 409.
The market is experiencing high volatility, so today’s day may well end with a red daily candlestick, than a green daily candlestick.
In an interview with Cointelegraph, the general manager ofeToro, Guy Hirsh, recalled the essential role played by Tesla and Grayscale on the stairs BTC.
Tesla acquired $ 1.5 billion from Bitcoins, while MicroStrategy held a conference on Bitcoin in front of an audience of 1,400 companies.
A high concentration of bears at $ 50,000
Exchanges have again recorded massive liquidations of Bitcoins today, while the BTC hit a new ATH and is approaching $ 50,000.
According to data from Bybt, major exchanges saw a selloff of $ 129.46 million in cryptos in an hour, after Bitcoin reached a new all-time high.
52.48% of liquidations took place on Binance. Bybt and Huobi take 2nd and 3rd place respectively. The liquidations of Bitcoins have exceeded $ 129 million.
On February 8, 2021, traders and investors liquidate $ 387 million in Bitcoins, while Tesla had just acquired $ 1.5 billion in BTC.
The pressure to sell gradually increases, as the BTC approaches $ 50,000.
Will the next attack result in Bitcoin crossing the $ 50,000 mark? The various rejections can sow doubt in the minds of bitcoiners, and cause whales and miners to profit from the current rise, better days will come later. Massive liquidations accompany the new ATHs for the moment. The bulls and bears each show their strength: in arm wrestling, one always wins over the other.