Bitcoin's Late Longs Liquidation Sparks Breakout Speculation

Bitcoin's late longs liquidation has sparked speculation about a potential breakout in the cryptocurrency market. As Bitcoin's price moves downwards on the 2-hour chart, investors are closely watching for any signs of a reversal.

Samuel Edyme, a web3 content writer, journalist, and aspiring trader, has been tracking the market's movements. Edyme's journey in the crypto universe began with a Ponzi scheme, but he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

Edyme's hands-on experience through major market events, such as the Terra Luna crash, the wave of bankruptcies in crypto firms, and the notorious FTX collapse, has honed his keen sense of market dynamics. He is dedicated to mastering the art of trading and crafting engaging crypto content.

As an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters. His determination is unwavering, and he embodies the philosophy of continuous improvement, striving to be 1% better every day. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn, and he is not one to take the easy road.

In the current market conditions, investors are closely watching Bitcoin's price movements for any signs of a breakout. As late longs are liquidated, the question remains: is a breakout finally on the horizon?