Analysis: If BTC breaks through the $90,000 resistance level, it may cause the 1.60 billion dollar to be liquidated by "short squeeze"
2025-03-15 10:54:09
On March 15th, according to Cointelegraph, the CME Bitcoin futures gap was not filled between $85,000 and $86,000 last weekend. At present, the possibility of Bitcoin turning to liquidity upside is increasing. Triggering a liquidation above $85,000 could further drive bullish momentum, allowing Bitcoin to form a new high and turn $85,000 into a new support level. If this happens, the next key resistance level will be at $90,000, which could lead to the liquidation of short positions over $1.60 billion, thus re-testing the resistance level above $95,000. Bitcoin analyst Mark Cullen warned that the price of Bitcoin will continue to move in corrective volatility, which means further sideways consolidation before a short squeeze occurs.
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