Bitcoin (BTC) Price Hits $50,000 But There’s a Catch

Bitcoin is experiencing a bullish surge after surpassing the $45,000 mark over the weekend.

However, analyst Ali Martinez anticipates a significant liquidation event totaling $54.73 million.

Despite Bitcoin's RSI signaling overbought conditions, bullish sentiment persists.

This potential liquidation event could exert substantial downward pressure on Bitcoin's price, potentially driving it below $45,810 if triggered.