- Bitcoin is trading at $91,249.32, recovering above $91K, showing early signs of trend reversal.
- Analysts see nearly $8B in short liquidations clustered above $100,000.
- CoinGlass data confirms rising liquidity pressure that could trigger a sharp breakout.
Bitcoin’s price has begun to stabilise following its recent drop, and because of that, we could see some positive momentum returning for Bitcoin in the short term and ultimately reclaiming the $91,000 price region.
While the overall market remains cautious, buyer interest is slowly returning with BTC building a solid base above key support levels. At press time, BTC is trading at $91,362.03 with an increase of 1.12% over the past 24 hours.
BTC Price Action Shows Early Strength
The daily chart of TradingView for BTC shows a noticeable change in the direction of momentum as BTC has established a support level above $91,000. The overall candle structure has improved significantly over the past several weeks due to lower bearish pressure due to the recent wave of selling.
Additionally, RSI (Relative Strength Index) has moved up from the oversold zone, indicating potential positive movement. Volume has remained steady but is increasing, confirming that buyers are entering back into the market at this point in time. As long as BTC can remain above current near-term levels of support, it is becoming increasingly possible that BTC moves towards $94K-$96K.
Tweet Highlights Massive Short Liquidation Cluster
According to a recent update on X by Ash Crypto, around $8 billion in open short positions are positioned above the market and may be at risk of liquidation if Bitcoin approaches the $100,000 level. This creates an area of interest where increased buying activity could occur as positions are forced to close. Such clusters often influence market behaviour, as price tends to gravitate toward zones with higher liquidity, especially during periods of strengthening momentum.
Also Read: Strategy Has More Flexibility to Keep Buying Bitcoin: CEO
Chart Indicates Growing Pressure
According to CoinGlass’s total liquidation (across all types of markets) chart, both “long” and “short” liquidations have increased over the past few months. Earlier spikes in long liquidations shaped the correction; now the largest concentration of short liquidations sits above current price levels, creating a greater chance for a large “short squeeze” if BTC continues higher.
While the price of bitcoin is becoming stronger, a huge area of liquidation has developed above bitcoin’s current price level. Once an area of resistance is cleared, a subsequent surge toward $100,000 could occur.
Also Read: Bitcoin Cash (BCH) Technical Structure Points to Potential $637–$640 Target
