Bitcoin (BTC) shorts sold off at $844,000, breaking below support, just as they sold off at $896,000. The price is currently significantly below the $844,000 to $948,000 range that has held since mid-November.
The monthly closing price will be released in minutes, and the price has fallen approximately 10% this month. Most altcoins have seen even larger declines this month. BTC has been relatively inactive on recent Saturdays, but today is a stark contrast. BTC and altcoins experienced significant sell-offs today with substantial volume. Total reported liquidations over the past 24 hours have reached $2.56 billion. Note: The US government is currently shut down. The Senate has passed a bill to end the shutdown, and the House of Representatives now needs to vote on it.
• Opening Price
o Daily – $84,110.99
o Weekly – $86,561.94
o Monthly – $87,497.95
• Support Levels
o Higher Time Frame – Green Box
o Lower Time Frame – None
• Resistance Levels
o Higher Time Frame – Blue Box
o Lower Time Frame – $84.4k
RSI – Weekly 1 indicator @ 34 – Daily 1 indicator @ 25 – 4-Hour indicator @ 26
$BTC #BTC Price Analysis #Macro #AltcoinSeason #MemeAlpha
