Bitcoin Breaks Key Resistance, Crosses USD 47K as Terra Buys More BTC, Liquidations Soar
Bitcoin (BTC) broke through a key resistance level and reached a price well above USD 47,000 overnight. The gain was supported by Terra's (LUNA)'s continued buying of BTC and by high liquidations of leveraged short positions. Bitcoin (BTC) broke through a key resistance level and reached a price well above USD 47,000 overnight. The gain was supported by Terra's (LUNA)'s continued buying of BTC and by high liquidations of leveraged short positions.
Image Source: Adobe/Andrii Vergeles