$BTC Bitcoin is a popular cryptocurrency known for its volatility and potential for significant price swings. Here's a brief article about Bitcoin:
What is Bitcoin?
Bitcoin is a digital currency that operates independently of central banks and governments. Its price can fluctuate rapidly due to various market and economic factors.
Recent Price Action
Recently, Bitcoin's price surged above $67,000, bringing relief to short-term holders, with 75% of them back in profit. However, it faces resistance at $68,000, with nearly $700 million in short liquidations possible if it breaches this level. Bitcoin's price momentum is crucial, as it needs to hold above $65,000 to maintain its upward trend ¹.