Bitcoin traded near $74,700 after dipping to $73,667, while a CoinGlass snapshot showed $1.2 billion in crypto liquidations over 24 hours, including $324 million in Bitcoin positions. Its weekly trading period was still open, so the chart did not yet show whether it would close below the $74,400 support area.
The chart analysis said a weekly close below $74,400 would put $72,550 in view; on a rebound, it identified $76,040 as the first possible hurdle. U.S. stocks also rose as oil prices fell, while traders priced in roughly an 80% chance of a quarter-point Federal Reserve rate hike in December.
