Here’s Why Bitcoin Price Just Spiked to $7.3K, Liquidating $90M

Cointelegraph

Published Apr 02, 2020 02:25PM ET

Updated Apr 03, 2020 04:20AM ET

The Bitcoin (BTC) price spiked from $6,900 to $7,300 across major cryptocurrency exchanges, liquidating $90 million on BitMEX and Bitfinex alone.

While several traders anticipated the Bitcoin price to see a strong upsurge as it breaks out of the $6,900 resistance level, the abrupt upsurge to $7,300 caught many technical analysts off guard.

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