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BITCOIN TESTED THE $71000 LEVEL

BITCOIN TESTED THE $71,000 LEVEL

  • On March 11, bitcoin updated ATH.
  • In the moment, the asset reached the mark of $71,298.
  • This was followed by a pullback.
  • The coin is trying to consolidate above the $70,000 level.

On March 11, 2024, the bitcoin rate broke through the $70,000 mark. In the moment, the price of the asset jumped to $71,298, but then rolled back.

At this writing, bitcoin is trying to consolidate above the $70,000 level, according to TradingView.

Notably, this is the third time bitcoin has traded above $69,000. The asset previously updated ATH first at $69,129, then at $69,950.

Against the backdrop of this rate jump, the asset’s dominance indicator was marked by an increase. At the time of writing, it reached the mark of 53.77%:

The volume of liquidations in the cryptoasset market from March 10 to March 11, 2024 is $317 million. Long positions prevail:

Bitcoin marked gains amid drawdowns in most other positions. Apart from it, only BNB (BNB) and USD Coin (USDC) are in the green zone:

The Fear and Greed Index rose three points in the last 24 hours:


Michael Altman