Bitcoin Breaks $68K, After Recent Price Slump

Bitcoin managed to regain its bullish momentum after the recent crypto market correction.

After the recent stock market crash, that deleted over $1 trillion, and the crypto market correction, Bitcoin is again on track to the $70,000 barrier.

At the time of writing, Bitcoin is trading at slightly over $68,000 after a 5% surge in the past 24 hours and has a $32.1 billion volume.

The total market cap of the crypto market reached $2.4 trillion after surging 4% and Bitcoin represents $1.34 of the total value.

According to CoinGlass data, $122.90 million were liquidated in the past 24 hours ($40.3 million in long positions and $82 million in shorts),

The 1-day technical analysis from TradingView also showcases the investors’ bullish santiment. The summary and moving averages show “strong buy” at 16, while the oscilators point to “buy” at 2.