In a recent study that captivated more than 1.1 million followers of cryptocurrency, Woo emphasized the importance of Bitcoin hitting the $72,000 mark. He explained that the closure of short positions would lead to around $1.5 billion in liquidations. This milestone is not only a psychological hurdle but also a crucial one in terms of market dynamics, as it is anticipated to face substantial resistance. Stay updated on the latest technology news by using NEWSLINKER.