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If Bitcoin breaks $62k over the weekend, a $1.1B short overhang stands ready to pull price down to $60k - CryptoSlate

.1 min read
If Bitcoin breaks $62k over the weekend, a $1.1B short overhang stands ready to pull price down to $60k - CryptoSlate

Bitcoin's price is facing potential downward pressure as it approaches the $62,000 mark, with a $1.1 billion short overhang that could drive it back to $60,000. Analysts suggest that if the cryptocurrency breaks the $62,000 resistance level over the weekend, this short position may trigger a sell-off.

Read the full story at Google News Crypto →

Source: Google News Crypto · Report an issue

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If Bitcoin breaks $62k over the weekend, a $1.1B short overhang stands ready to pull price down to $60k - CryptoSlate | CoinInformer