Bitcoin price blasts past $21K as 3-day short liquidations near $300M
Bitcoin knocks out a key moving average unchallenged since before its $69,000 all-time highs in a wild few days of straight BTC price gains. Bitcoin (BTC) continued a stunning comeback on Jan. 14 as $21,000 appeared for the first time since early November. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin cracks key trend line for first time since $69K Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit highs of $21,247 on Bitstamp overnight. The pair had faced major suspicion after it began to make up some serious lost ground through the week, with analysts warning that a retracement could occur at any time. Nonetheless, only brief periods of consolidation accompanied Bitcoin's ascent, with weekly gains sitting at nearly 25%. In doing so, BTC/USD took out its realized price at $19,700, old all-time high from 2017, $20,000 and the 200-day moving average. The latter saw its first resistance/ support challenge since October 2021, one mont...