Bitcoin analysis warns BTC price liquidations will start below $64K
BTC price losses mount as $66,000 struggles to function as support, increasing the danger of Bitcoin long liquidations.
Bitcoin risked losing $66,000 after the July 30 Wall Street open as a long liquidation event appeared on the horizon.
Data from Cointelegraph Markets Pro and TradingView showed Bitcoin (BTC) price action producing 1.5% losses on the day.
These followed a steeper rejection from $70,000, the latest in a series of failed attempts to flip the nearby area into support in recent months.
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Author: William Suberg