Bitcoin Price Plummets: Traders Debate Next Move Amidst $19 Billion Liquidations

Recent drops in Bitcoin’s price, falling below the $120,000 mark and reaching as low as $106,000, have sparked discussions among traders. The volatile market environment has triggered widespread liquidation of leveraged crypto positions worth over $19 billion, adding fuel to the debate about potential buying opportunities or cautionary measures. Analysts express caution, citing bearish divergences on charts, lack of momentum, and thinning buy-side liquidity as factors contributing to the decline. [Link to original article here]**

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