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Pro Traders Unfazed by Bitcoin Price Stalling at $12,400, Data Shows

Published 08/20/2020, 02:11 PM
Updated 08/20/2020, 04:00 PM
Pro Traders Unfazed by Bitcoin Price Stalling at $12,400, Data Shows
BTC/USD
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Bitcoin’s (BTC) recent rejection at $12,400 triggered $234 million in futures contract liquidations across derivatives exchanges. Despite a 30% rally in the past 30 days, maintaining the $11,700 level as support is undecided.

Bitcoin hasn't seen a lower low ever since the mid-March 50% shakedown, which caused the price to test the sub-$4,000 level.

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