#Bitcoin Price Risks Dropping Below $100k As Crypto Liquidations Hit $714M

The US-China trade deal sustained Bitcoin price rally but uncertainty soon set in, accompanied by massive crypto liquidations

Highlights

Market sentiment has shifted with Bitcoin price now exhibiting intense volatility

More than 213,000 traders have suffered intense crypto liquidations amid price falls

Despite uncertainty, top analyst is confident BTC price momentum is not fading yet

Bitcoin price has been undergoing a mild reset in the past 24 hours as risk assets appear to have lost most of their gains. Within this period, the BTC price has lost 1.99% of its gains and is now trading for $102,315.79. This unexpected shift has triggered a massive bout of crypto liquidations, which has sparked a concern about the potential offset in the week-long price rally.