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Crypto analyst Kevin Capital has given insight into where the Bitcoin price can be led afterwards. The analyst referred to the current liquidation data, which shows that there is currently $ 16 billion in Possible liquidations From the current price of BTC to the price level of $ 107,000.
Liquidation data indicates that a Bitcoin -price re -resilience is imminent
In one XKevin Capital revealed that there is only $ 1.5 billion in long liquidations from the current Bitcoin price to the price level of $ 77,000. On the other hand, there is $ 16 billion in short liquidations from the current price to The level of $ 107,000. The analyst noted that this is one of the biggest differences in history.
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He also noted that the market makers prefer to move prices where they can travel the most. As such, this suggests that the Bitcoin price could return if these market makers want to take the liquidity in the upper part. Kevin Capital It noted that patience is still needed while the three -day day dissolves itself. However, he added that things generally look a bit clearer for the bulls.
The Bitcoin price has crashed over the past two days and fell to $ 86,000, which means that the concern that the Bull Run might be over. However, Kevin Capital’s analysis offers some optimism that the Bullrun is not nearly over and that the flagship Crypto could still reclaim the price level of $ 100,000 and possibly reach new highlights.
BTCs long -term holders It also seems confidence that the Bitcoin price will still go higher. In an X-post, crypto analyst Ali Martinez revealed that they had collected nearly 20,400 BTC after the sharp sale that started two days ago.
BTC can still fall to the lows of $ 80k
Crypto -analysts Ali Martinez And Titan van Crypto has suggested that the Bitcoin price could still fall to the lower part of the $ 80,000. In an X post, Martinez stated that Bitcoin has agreements with the 2021 market top. He also noted that if this pattern applies, there could be a period of consolidation at the current levels for the next leg for BTC.
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His corresponding graph showed that the Bitcoin price could fall to $ 80,850 when this next leg takes place down. Titan van Crypto Also increased the possibility that BTC fell to $ 81,000. He stated that BTC breaks the trendline and immerses low under the last wick. He claimed that the weekly candle of BTC that did not live the trendline back, the flagship Crypto could send to the next support, which Kijun is for $ 81,000.
At the time of writing, the Bitcoin price acts at around $ 88,700, according to more than 3% in the last 24 hours, according to facts Van Coinmarketcap.
Featured image of Istock, graph of TradingView.com
