Bitcoin’s wild price action causes $1 billion in liquidations as overhead pressure intensifies, eyes $30,000 – FXStreet

• Bitcoin liquidations soar as the price plunges from levels above $40,000 to an intraday low of $33,344.
• Bitcoin may resume the uptrend if it closes the day above $35,000.
• Declines to $30,000 and $27,500 are not out of the picture as Bitcoin is yet to find a local low.

Bitcoin has been exceptionally volatile in the bull market. Hence, the massive liquidations over the weekend. The price plummeted from highs close to $42,000 and is yet to confirm formidable support. At the same time, the breakdown saw…

Click here to view the original article.