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Why $6,500 Is Such An Important Level For Bitcoin
Summary: Bitcoin is nearing the all too important $6,500 mark, which if it is passed could spark a “liquidity event” that would push Bitcoin’s price even further down, according to Cantering Clark, a popular cryptocurrency analyst on Twitter. Clark stated in his tweet that “6500 is one of those key areas that brings even more participants ...
Bitcoin is nearing the all too important $6,500 mark, which if it is passed could spark a “liquidity event” that would push Bitcoin’s price even further down, according to Cantering Clark, a popular cryptocurrency analyst on Twitter.
Clark stated in his tweet that “6500 is one of those key areas that brings even more participants into the mix. Anyone who waited for it to break before committing long earlier in the year, if not having exited already, will likely exit now. Break it and we have a liquidity event.”
Bitcoin at the time of writing sits at $6,663.73, which is a slight raise from the earlier price of $6,588.52, according to Bitpush Data.
By Ramsey Baker
Tags: Bitcoin,Cantering Clark,Liquidity
Link: Why $6,500 Is Such An Important Level For Bitcoin [Copy]
