{"id":17925,"date":"2024-10-21T10:35:13","date_gmt":"2024-10-21T07:35:13","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-tests-69000-milestone\/"},"modified":"2024-10-21T10:35:13","modified_gmt":"2024-10-21T07:35:13","slug":"bitcoin-tests-69000-milestone","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-tests-69000-milestone\/","title":{"rendered":"Bitcoin Tests $69,000 Milestone"},"content":{"rendered":"<p>On the night of October 20-21, the price of the leading cryptocurrency surpassed the $69,000 mark, registering a 1.2% increase over 24 hours.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXeezfutNJUsRvYNCvX87QLi6N1HdxOFxy6SXQNzlV6KJNSiwqtSBjZZD2XSZPXd9xA4ATOVW0211KfOT5ZZonbTTwyeweHf4WGyswaC5lAES74v8xnmCNcXwOKyuVkSbjoRaeQueFUNkkHnib9uiacyAUI4?key=Ks5p25louV_rleUac2zZOA\" alt=\"\u0411\u0438\u0442\u043a\u043e\u0438\u043d \u043f\u0440\u043e\u0442\u0435\u0441\u0442\u0438\u0440\u043e\u0432\u0430\u043b $69 000\"\/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>At its peak, digital gold reached $69,500.\u00a0<\/p>\n<p>Bitcoin&#8217;s momentum pushed other top-10 market cap assets into the &#8220;green zone.&#8221; Ethereum rose to $2700, marking a 3.5% increase over 24 hours.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXfP4tkMqgdsSIvYluw9Z5aq31QG40bbofEYxlLnnlxu2FjQ48SxHaf6sfDT54E_i2TsnNyJnL9MMq_HjCjkaiGB12tU-xIhFYhyjKssEv7ZSE7Mlftfmw__9ztWlln8SOkazPKfQrPwh8gPprBBcSWXOQUA?key=Ks5p25louV_rleUac2zZOA\" alt=\"\u0411\u0438\u0442\u043a\u043e\u0438\u043d \u043f\u0440\u043e\u0442\u0435\u0441\u0442\u0438\u0440\u043e\u0432\u0430\u043b $69 000\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.\u00a0<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">Coinglass<\/a>, the liquidation volume over the past day reached $135.4 million, with the majority ($96.1 million) stemming from short positions.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXfzmNc8l3leO4JW-SHhzciIziH7kR185NdR3uZwqdWF3z6XFXLYqomRHpemTPLbiuSpURMDXNzdG4-BDzHFDyWSv_6YWifI_Kc2M1bA01az5gT8A6iWDTQ3xWUG8B63RyILJ_LTGI06GK6Odp0qytyLfiFk?key=Ks5p25louV_rleUac2zZOA\" alt=\"\u0411\u0438\u0442\u043a\u043e\u0438\u043d \u043f\u0440\u043e\u0442\u0435\u0441\u0442\u0438\u0440\u043e\u0432\u0430\u043b $69 000\"\/><figcaption class=\"wp-element-caption\">Liquidation map. Data: Coinglass.<\/figcaption><\/figure>\n<p>Simultaneously, the cryptocurrency fear and greed index reached 72, indicating &#8220;greed&#8221; in the market.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXcHdZSxwfdsKTL5HxR6Jm_b-N7ssTxeGEtatIWU-gsm-6N7fuiyne-EoF_ElRNVXBHKUGfHbeIVm6NEUmVbtcXomAkCY3B0Af5XoONG21SQTuP6t10Tn_w9G_jj-9u8lRAoHpTCHTnfste9H7PHOevUXbXb?key=Ks5p25louV_rleUac2zZOA\" alt=\"\u0411\u0438\u0442\u043a\u043e\u0438\u043d \u043f\u0440\u043e\u0442\u0435\u0441\u0442\u0438\u0440\u043e\u0432\u0430\u043b $69 000\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\" title=\"\">alternative.me<\/a>.<\/figcaption><\/figure>\n<p>Crypto analyst Ali Martinez stated that one of his primary indicators for assessing Bitcoin&#8217;s trend \u2014 <a href=\"https:\/\/forklog.news\/cryptorium\/chto-takoe-indikator-mvrv\/\">MVRV<\/a> Momentum \u2014 has re-entered the optimistic zone.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">One of my go-to indicators for gauging <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>&#8216;s trend, the MVRV Momentum, has flipped bullish again!!! <a href=\"https:\/\/t.co\/qOtIJgXTWe\">pic.twitter.com\/qOtIJgXTWe<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1848107926088785969?ref_src=twsrc%5Etfw\">October 20, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Regarding the second-largest cryptocurrency by market cap, the expert highlighted the importance of the $2660 support level. As long as the asset remains above this threshold, it could rise to $3300, Martinez believes.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&#038;ref_src=twsrc%5Etfw\">#Ethereum<\/a> appears to be breaking out! As long as the $2,660 support holds, <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> could rise to $3,300! <a href=\"https:\/\/t.co\/6pfcRyyiaP\">pic.twitter.com\/6pfcRyyiaP<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1848005048548122997?ref_src=twsrc%5Etfw\">October 20, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Analyst Ted Pillows opined that the downtrend has ended, and Bitcoin&#8217;s consolidation and accumulation are nearly complete.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">??? ????? ?????? ? <\/p>\n<p>The downtrend is over \u2705<\/p>\n<p>Consolidation and accumulation are almost done \u2705 <\/p>\n<p>Now, it&#8217;s time for the parabolic phase ? <\/p>\n<p>Those who have held <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> from March till now, don&#8217;t panic sell and accumulate <a href=\"https:\/\/t.co\/BxSmkztEPq\">pic.twitter.com\/BxSmkztEPq<\/a><\/p>\n<p>\u2014 Ted (@TedPillows) <a href=\"https:\/\/twitter.com\/TedPillows\/status\/1847665944954347967?ref_src=twsrc%5Etfw\">October 19, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Now it&#8217;s time for the parabolic phase,&#8221; he noted.\u00a0<\/p>\n<\/blockquote>\n<p>Previously, TV host and Heisenberg Capital founder Max Keiser predicted a &#8220;soon&#8221; rise in Bitcoin to $220,000.\u00a0<\/p>\n<p>Earlier, Bernstein linked the rally of the leading cryptocurrency to the increased chances of Donald Trump winning the U.S. presidential election in November.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On the night of October 20-21, the price of the leading cryptocurrency surpassed the $69,000 mark, registering a 1.2% increase over 24 hours.\u00a0 15-minute BTC\/USDT chart on Binance. Data: TradingView. At its peak, digital gold reached $69,500.\u00a0 Bitcoin&#8217;s momentum pushed other top-10 market cap assets into the &#8220;green zone.&#8221; Ethereum rose to $2700, marking a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1145],"class_list":["post-17925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"74","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17925"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17925\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17924"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}