Is This the Right Time to Buy Bitcoin?—Here’s What This Chart Suggests!

Bitcoin has been steadily pulling back after fail

Bitcoin has been steadily pulling back after failing to hold above the $90,000 consolidation zone. Over the past few days, selling pressure has picked up, pushing the BTC price

Source: X

The latest data shows a whale opening a $66 million Bitcoin long position using 3x leverage, with a liquidation level near $43,785. The position is already sitting on roughly $22 million in unrealized profit, suggesting strong conviction behind the trade. If Bitcoin manages to hold its current range and build momentum, this setup could amplify upside volatility.

However, it’s also a bold move at a time when weekly candles are compressing near a major monthly order block, a zone that often triggers sharp reactions. While the whale appears confident in further gains, such aggressive positioning can increase volatility in both directions. If momentum weakens, leverage could accelerate downside pressure just as quickly as it fuels a rally.

Bitcoin at a Make-or-Break Level

Bitcoin (BTC) price is trading at a critical technical zone, and the next move could define the medium-term trend. A sustained push above $70,000 could open the path toward $74,000 and potentially retest the $80,000 region if momentum builds. However, failure to hold the $65,000 support may shift control back to sellers, exposing the $60,000 and possibly the $55,000 area. 

With leverage building and volatility compressing, traders should expect a decisive breakout soon. Risk management remains essential as Bitcoin approaches this pivotal phase.

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