Bitcoin's fall in the last 7 days and more special information

21/06/2024 Image Credit: Google Cryptocurrency

Bitcoin short-sellers are worried that the asset will not be able to return to $70,000 in the near future.

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According to Coinglass data, if Bitcoin falls, short positions worth $1.67 billion will be liquidated.

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According to their data, Bitcoin has returned to $70,000.

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According to CoinMarketCap's report, Bitcoin has fallen by 3.23% in the last seven days.

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According to CoinMarketCap, a 7.46% increase from its (BTC) current price of $65,136 will take Bitcoin to $70,000.

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Joshua Jakes, CEO of Discover Crypto, said "The market is very bullish right now. There is a lot of Bitcoin and Ethereum liquidations. The boom is coming soon."

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Meanwhile, crypto analyst and creator of onchain data resource Woobull, Willy Woo, suggested that a major liquidation would put Bitcoin in a better position to reach new all-time highs.

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Now the former US president has also come out in support of Bitcoin and so has Joe Biden, which is an indication that the price of Bitcoin will rise.

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2. Bitcoin's journey from 2009 to 2024

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