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The cryptocurrency analyst Kevin Capital provided insights on where the price of Bitcoin could be directed. The analyst mentioned the current liquidation data, revealing that there are currently $ 16 billion in possible liquidations From the current price of BTC to the price level of $ 107,000.
The liquidation data indicate that a recovery of Bitcoin prices is imminent
In a X postKevin Capital has revealed that there are only 1.5 billion dollars in long liquidations from the current Bitcoin price at the price level of $ 77,000. On the other hand, there are $ 16 billion in short liquidations from the current price a The level of $ 107,000. The analyst observed that this is one of the greatest disparities in history.
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He also observed that market makers prefer to move prices where they can get more. As such, this suggests that the price of Bitcoin could bounce while these market producers try to grab liquidity on the rise. Kevin Capital He observed that patience is still necessary while the 3 days resolve. However, he added that overall, things seem a little clearer for bulls.
The price of Bitcoin has crashed in the last two days, descending up to $ 86,000, triggering the concerns that the Taurus race could be finished. However, Kevin Capital’s analysis provides some optimism on the fact that the Toro race is far from over and that the top cryptocurrency could still recover the price level of $ 100,000 and possibly reach new maximums.
The long -term owners of BTC It also seems confident that the price of Bitcoin will go even higher. In a post X, Crypto Ali Martinez analyst revealed that he had accumulated almost 20,400 BTC following the clear Sell-Off which started two days ago.
BTC could still drop to the minimums of $ 80k
Cryptographic analysts Ali Martinez And Titan of Crypto suggested that the price of Bitcoin could still go down to the lower part of the $ 80,000 interval. In a post X, Martinez said that Bitcoin is showing similarities with the top of the 2021 market. He also observed that if this model is worth, there may be a period of consolidation at current levels before the next leg for BTC.
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Its accompanying table showed that the price of bitcoin could drop to $ 80,850 when this next leg occurs. Titan of Crypto He also raised the possibility that BTC takes $ 81,000. He said BTC is breaking the trend line and immersing himself under the last bass player. He said that BTC’s weekly candle has not recovered the trend line could send the top cryptocurrency to the next support, which is Kijun to $ 81,000.
At the time of drafting, the Bitcoin price is exchanged at around $ 88,700, down by more than 3% in the last 24 hours, second data from Coinmarketcap.
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