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Crypto analyst Kevin Capital provided information on the place of Bitcoin could then be directed. The analyst has referred to the current liquidation data, revealing that there are currently $ 16 billion Possible liquidations of the current BTC price at the price level of $ 107,000.
Liquidation data indicate that a recovery of the price of bitcoin is imminent
In a X postKevin Capital revealed that there are only $ 1.5 billion long liquidations of the current Bitcoin price at the price level of $ 77,000. On the other hand, there are $ 16 billion in short liquidations of the current price at The level of $ 107,000. The analyst pointed out that this is one of the greatest disparities in history.
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He also noted that market manufacturers prefer to move prices where they can transform the most. As such, this suggests that the price of bitcoin could bounce back while these market manufacturers seek to grasp liquidity upwards. Kevin capital noted that patience is still necessary while the 3 days is resolved. However, he added that overall, things seem a little clearer for the Bulls.
The price of Bitcoin has crashed in the past two days, falling to $ 86,000 as low, arousing concerns that the Bull Run could be finished. However, Kevin Capital’s analysis offers a certain optimism that the Bull Run is far from over and that the flagship crypto could still recover the price level of $ 100,000 and perhaps reach new heights.
Long -term BTC holders Also seems confident that the price of Bitcoin will always increase. In a post X, Crypto analyst Ali Martinez revealed that they had accumulated nearly 20,400 BTC after the net sale that started two days ago.
BTC could still fall at the bottom of $ 80,000
Cryptographic analysts Ali Martinez And Titan of Crypto suggested that the price of Bitcoin could still fall to the lower part of the $ 80,000 range. In a post X, Martinez said Bitcoin has similarities with the upper 2021 market. He also pointed out that if this model has remained, there could be a consolidation period at the current levels before the next step for BTC .
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His accompanying table has shown that the price of Bitcoin could fall to $ 80,850 when this next step will occur. Crypto titan also increased the possibility that BTC falls to $ 81,000. He said BTC broke the trend line and dives below the last low wick. He said that the weekly BTC candle that has not recovered the trend line could send the flagship crypto to the next support, which is Kijun at $ 81,000.
When writing data from CoinMarketCap.
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