Yesterday morning, the price of Bitcoin fell to $59,000 and then began to rebound strongly. Over the next 20 hours, the price continued to fluctuate between $66,000 and $67,000. As of this writing, Bitcoin price is trading at $66,180.
Will Bitcoin hit a new all-time high soon?
Crypto analysis firm Swissblock is bullish on Bitcoin’s strong V-shaped reversal, predicting that BTC will quickly rise back to $67,000 within a day, and may reach new all-time highs again.
Bitcoin successfully retested the $59,000 to $62,000 price range after yesterday’s plunge. Bitcoin just broke out to new all-time highs after consolidating in this price area for a week.
According to data provided by Swissblock, Bitcoin quickly rebounded to above $62,000, indicating that a new round of rising prices has begun, and the expected target will point to the price of $76,000.
Ethereum once exceeded 3,900 US dollars
As for Ethereum (ETH), the increase was even more dramatic. After the highest price exceeded 3,900 US dollars last night (to A new high since January 2022), currently trading at $3,839 at the time of writing, up 7.64% in the past 24 hours.
The top ten tokens generally fell
CoinMarkeCap data shows that the top ten currencies have all risen in the past 24 hours. The biggest gains are BNB and SOL, which have increased by more than 9% and SOL respectively. 8%, and other tokens also have an increase of about 1~8%.
The entire network liquidated $340 million in the past 24 hours
Although the fluctuations are less severe than yesterday, with Bitcoin’s strong rebound, according to Coinglass data, in the past 24 hours , the liquidation amount of the entire cryptocurrency network still exceeds 340 million US dollars, and more than 107,000 people have been liquidated, killing both longs and shorts.
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