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Bitcoin Bulls Aren't Ready to Give Up, Shiba Inu's Dreams of $0.00002 Are Real, Ethereum at Pivotal Threshold Bitcoin Bulls Aren't Ready to Give Up, Shiba Inu's Dreams of $0.00002 Are Real, Ethereum at Pivotal Threshold All the charts seem to indicate otherwise. A breakdown above $60,000 could send the asset plunging even lower, perhaps into the high $50,000s. As of right now,is testing its support levels. There may be overly leveraged positions being taken out based on the high number of liquidations.
Assuming the market would maintain its bullish momentum, many traders opened long positions. Nevertheless, these positions have been activated by the quick reversal, which is exerting additional downward pressure. The liquidation data indicates that long positions accounted for the great majority of liquidations, indicating widespread expectations of an Uptober rally. is whether it can continue to rise above its important support levels.