Bitcoin Market Update

After a failed attempt to revisit $100K on February 21, Bitcoin (BTC) reversed, leading to a 11.36% crash to $88K. The downtrend worsened due to ByBit’s hack, alongside excessive leverage and cascading liquidations that could have further depressed Bitcoin’s price. Following this sudden market crash, over $900 million in positions were liquidated as the price fell to $90K.

Despite the grim outlook, let’s explore three Bitcoin charts that suggest the bull run is far from over.