The previous week\u2019s price weakness expanded re-sparking predictions of a bear market and a further price slide. Some predictions see BTC breaking to the $41,000- $42,000 range before eventually taking off again. Yet the latest price moves also recall fears of another prolonged period threatening a bear market.\u00a0<\/p>\n\n\n\n
Once again, despite the evolution of the cryptocurrency market, there are fears the latest rally cannot be sustainable and most assets will backtrack. The effect of leveraged trading is making the price moves steeper, causing liquidation cascades several times in the past months. <\/p>\n\n\n\n
The latest price slide caused relatively small liquidations, as most of the leveraged positions were wiped out in the past few days. Futures trading on the Binance exchange<\/a> saw about $10.49M in liquidations, of which $6.66M longs and a smaller fraction of short liquidations.\u00a0<\/p>\n\n\n\n BTC prices moved below their 200-day moving average and closed on Tuesday at $46,737.48, just below the recent 50-day moving average. Despite the chart factors, there is still encouragement the retrace may be temporary. <\/p>\n\n\n\nCan BTC Recover<\/strong><\/h3>\n\n\n\n