BTC/USD reaches $61,000 for the first time in almost one month in a fresh burst of bullish market action.
Bitcoin (BTC) returned to $60,000 on April 10 as a bout of long overdue volatility hit the market in line with analysts’ expectations.
“Being a bear is expensive”
The move had been weeks in the making — a convincing attack on $60,000 resistance, the last before all-time highs, had previously failed to materialize before.
— Alex Saunders (@AlexSaundersAU) April 7, 2021
Now seemend different, however, with Bitcoin going on to pass $61,000 before consolidating at around $60,650 at the time of writing.
“$163,745,606 of Bitcoin shorts liquidated in an hour,” quant analyst Lex Moskovski