Bitcoin (BTC), the largest cryptocurrency in the market, was expected to continue its bull run after consolidating its gains. However, on June 14th, just before its daily close, Bitcoin suffered a 3% decline, dropping below $25,000 and reaching as low as $24,700, a price level not seen since mid-March. In light of these developments and the mounting regulatory pressure from the US Securities and Exchange Commission (SEC) on the nascent industry, many are starting to believe that the recent bull run for BTC was nothing more than a fakeout. Related Reading: XRP Exhibits Bearish Chart Pattern – Where Could The Price Head Next? Bitcoin On The Brink With Massive Amount Of Liquidations Looming Bitcoin has been facing a lot of turbulence recently, and the troubles don’t seem to be stopping anytime soon. The latest data shows that Bitcoin is facing trouble as over $100 billion in liquidations loom, signaling the potential for another crash in the cryptocurrency market. Despite attempting to surpass its nearest resistance levels, Bitcoin has been struggling, with the potential for further downside movements and increased selli ..
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