Main points:
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The twice the price of bitcoin can end in a giant short liquidation event as the bears feel excessive.
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New expectations indicate that market makers deliberately promise the trap of the giant bear.
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BTC Price Action has already returned to $ 113,000, filtering blocks of short pants.
Bitcoin (BTCIt is due to the “next main short pressure” within weeks as market makers put the final bear trap.
A New expectations By the famous trader Luka this week sees the BTC price measures in late 2024.
Bitcoin market makers maintain “satisfied” bears
Bitcoin exchange requests can retain a key that will happen to BTC/USD in the coming weeks – and the bulls will benefit.
Luca looks at the last performance of the prices, that the lack of new higher levels, in fact, is not a downward signal.
“Look at how the price movement of $ BTC has evolved over the past two weeks, because we have come in mid -August. It has never been one.”
“I think the reason is that the short pants are protected in the short term.”
The theory explains that market makers maintain the range artificially to persuade the sellers on the open that their bets will pay their fruits.
“We have seen something similar before, in 2024, throughout this huge monotheism when the altitudes were never exploited until we have already achieved collapse in November,” the publication continues, referring to last year. Seven months of side sides Price work.
The more this scenario continues, the more “microscopic” bears – prepare the perfect conditions for a short pressure liquidation event. Luka concluded:
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BTC PRICE Breakout “Fully sure”
like Cointelegraph mentionedMany market participants are convinced that the lowest new low levels will come to the next Bitcoin.
Related to: BTC VS. “Hearish” Gold Breakout: 5 things to know in Bitcoin this week
100,000 dollars remain a common goal on the negative side, with arguments focusing on phenomena such as homogenous differences on leading indicators.
BTC/USD returned to $ 113,000 on Friday, with Coinglass Data shows about $ 100 million of short encryption in the past 24 hours.
This was enough for some Call the end of the correction One of its highest levels ever, which started in mid -August.
“Bitcoin has fully confirmed its outbreak,” the famous trader and analyst Rekt Capital told X from followers along with the chart update.
“The daily closure and/or re -testing the area ~ 113 thousand dollars (red) would ensure the additional direction to the upward trend.”
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
