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Bitcoin must hold above $95K or face short-term rejection: Bitfinex
By: the crypto news wire|2025/05/07 13:15:01
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Bitcoin’s price is just a few hundred dollars away from putting $400 million in short positions at risk of liquidation. Key takeaways: Bitcoin must maintain above $95,000 to have a chance at retesting its $109,000 all-time high; failure to hold could lead to a deeper correction, crypto analysts warn. Several crypto analysts told Cointelegraph in March that Bitcoin may have a chance of reaching new all-time highs in June. Read more
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