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BTC Liquidation Shockwave—Is a $90K to $100K Blast Unstoppable?
Bitcoin’s recent price movement has sparked heated debate among crypto enthusiasts and experts alike, as it appears that the cryptocurrency is on the cusp of an unprecedented surge. The data suggests that a liquidation shockwave could propel the asset’s value past previously unimaginable levels.
Currently trading at $82,875.70, Bitcoin has demonstrated remarkable resilience in the face of increasing market uncertainty. The heatmap reveals that if the cryptocurrency were to surpass its previous highs near $84,000, it could trigger a parabolic rally similar to those seen in previous cycles.
The most striking aspect of this scenario is the concentrated liquidity cluster between $85,000 and $95,000, indicating an unprecedented number of short positions. As Bitcoin approaches these levels, we can expect to see a plethora of forced buying, which would further accelerate its upward momentum.
Market analysts are quick to point out that a price break above $85,000 could spark even more bullish momentum, albeit potentially resulting in a short-term setback before the subsequent major price movement. With 24-hour trading volume reaching $91.40B and market dominance standing at an impressive 60.55%, it appears that Bitcoin is primed for a monumental shift.
As we gaze into the crystal ball, it seems increasingly likely that the cryptocurrency will shatter previous records and potentially reach staggering levels such as $90K or even $100K.
Source: https://cryptonewsland.com/btc-liquidation-shockwave-is-a-90k-to-100k-blast-unstoppable/
