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Bitcoin’s Price Movement: Watch for Critical Liquidity Levels This Week

Recently, Bitcoin’s price has undergone significant movements due to liquidity accumulation at support levels. During this period, many short positions were liquidated, leading to a rapid recovery from the $94,500 mark, bringing the price to current levels. However, this uptrend may advance toward new liquidation levels, which could lead to a short-term decline.

According to Coinglass data, following the liquidation of approximately $100 million in short positions at $95,000, there is an expectation of $200 million in long position liquidation around the $97,800 level. Potential liquidations at these levels could cause the price to retreat to $95,500. Conversely, technical indicators suggest that if Bitcoin breaks through the $97,800 resistance, the upward trend may gain momentum.

Bitcoin’s Price Movement: Watch for Critical Liquidity Levels This Week

Recently, Bitcoin’s price has undergone significant movements due to liquidity accumulation at support levels. During this period, many short positions were liquidated, leading to a rapid recovery from the $94,500 mark, bringing the price to current levels. However, this uptrend may advance toward new liquidation levels, which could lead to a short-term decline.

According to Coinglass data, following the liquidation of approximately $100 million in short positions at $95,000, there is an expectation of $200 million in long position liquidation around the $97,800 level. Potential liquidations at these levels could cause the price to retreat to $95,500. Conversely, technical indicators suggest that if Bitcoin breaks through the $97,800 resistance, the upward trend may gain momentum.

https://en.coin-turk.com/bitcoins-price-movement-watch-for-critical-liquidity-levels-this-week/