Bitcoin Price Faces a Make-or-Break Moment: Will BTC Rebound to $105k or Slip Below $90k
Adding to the bullish narrative, BTC’s liquidation map shows that nearly $1.5 billion worth of BTC short positions could be wiped out if Bitcoin rallies above the $95k mark.
This means a minor upward move could force short sellers to cover their positions, triggering a massive short squeeze. This setup may increase the chance of a rapid breakout.
Final Takeaway
Amidst the battle between the bulls and bears, Bitcoin price has been stuck in a waiting phase. However, BTC appears to be preparing for its next major price swing.
For now patience remains key, because when BTC price breaks any side of this range, the move could be fast and decisive.
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