Bitcoin sparks liquidations as analyst says BTC price may dip 12% more

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Bitcoin sparks liquidations as analyst says BTC price may dip 12% more
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Has Bitcoin 'swept the lows' or is a seismic correction incoming?

Bitcoin liquidations chart. Source: CoinglassU.S. equities saw a muted reaction at the open, with the S&P 500 and Nasdaq Composite Index both up by around 0.1%.The U.S. dollar made more solid gains, with the U.S. dollar index above 102 after bouncing from its lowest levels in a year.

"Watch $DXY today," analyst Justin Bennett"If this plays out, it'll be the most telegraphed bottom that most failed to see bc they were promised a new bull market."The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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