Bitcoin surged toward $69,000 after a brutal flush, but Glassnode says one level decides if it fades

Bitcoin bounced back toward $69,000 on Feb. 25 after an intraday flush that printed lows in the low-$60,000s across multiple venues, liquidating nearly $500 million in short positions. The move keeps price inside the $60,000-$69,000 range that has defined February trading, according to Glassnode. Yet, it doesn't resolve the structural weakness that has characterized the […] The post Bitcoin surged toward $69,000 after a brutal flush, but Glassnode says one level decides if it fades appeared first on CryptoSlate.