The bitcoin price is up by 10 percent in the past four days and after such a big rally, a short-term pullback follows. But, a top trader says it will take a lot for short sellers to hunt for longs in this environment, which could push BTC for an ever bigger rally.
It will be hard for shorts to hunt longs, maintaining bitcoin momentum
As one well-known trader pointed out, even if an investor longed bitcoin near the top in the $8,900 to $9,000 range, the liquidation price would likely be at around $8,500.
Assuming an investor put in a long at $8,920, at 25x leverage, the price of bitcoin would have to drop to $8,529 to liquidate or come close to liquidating the position.
Short-term price movements are often dictated by a cascade of long or short liquidations on major margin trading platforms like BitMEX.
When a significant amount of shorts start to get liquidated, it leads more shorts to get stopped, causing the bitcoin price to spike. And it is the same for longs to the downside.
As such, when the bitcoin price is in a tight range for an extended period of time, it makes it easier for the price of BTC to massively spike up or down and demonstrate extreme volatility.
However, the 10 percent upsurge of bitcoin in the past four days have moved BTC into a range that is well above major support levels.
At the current price of $8,850, there are likely more underwater shorts over longs, which also make it harder for shorts to try to hunt long stops or liquidations.
The bitcoin price has rebounded strongly since hitting a bottom at $6,410 (Source: TradingView)
Where are traders looking at as targets?
A prominent cryptocurrency trader known as Flood said that the $9,200 to $9,400 range is a large area of interest.
That means, there is significant historical trading activity in that range and it is likely to command the short-term direction of BTC.
Many technical analysts did expect the bitcoin price to correct upon reaching $8,900, as it has acted as a resistance level since November 2019.
The lack of a strong rejection or a retest of lower support levels at $8,900 surprised some traders, which may indicate that the current upside momentum is strong.
“The pullback I figured would happen happened, it was just way smaller than anticipated. Maybe bears really do need Vegeta ($9000+) to be able to kill overleveraged longs. Maybe they’re not even able to do that. Either way, I remain long,” trader DonAlt said. The post appeared first on NewsBTC. origin »
Don't follow the retail market and cash out your $BTC just yet. It looks like there's another rally on the way, which could drive the price of Bitcoin up and lift exciting presales like $HYPER with it.
Bitcoin ($BTC) forms a bullish Inverted Head and Shoulders pattern near $110K resistance, signaling a posible breakout and rally above $140K by August 2025.
Some prominent financial commentators and investment analysts are predicting a long-term Bitcoin rally that may send the asset’s price above $1 million before the end of the decade, driven by rising inflation and mounting global debt.
Bitcoin's recovery rally is gaining momentum as key indicators, like miner breakeven costs and rising demand, signal a potential bull market. The increasing accumulation by long-term holders and global liquidity boost prospects for BTC's price surge.
Bitcoin traded into a major support level on the chart and could see a significant rally from here.
A whale opened a $198.11 million long position, but short traders in the market are holding bThe post Bitcoin’s $198M whale position could spark a rally—Here’s what to expect appeared first on AMBCrypto.
USDT’s monthly market cap turned positive after contracting by -2% while USDC surged by 20%
Growing liquidity impulse usually sparks a rally
Stablecoin market cap growth, alongside BitcoinThe post Here's how stablecoins, ETFs can fuel another Bitcoin rally appeared first on AMBCrypto.
The crypto market roared back to life Wednesday, with Bitcoin surging above $101,000 once again. A mix of regulatory wins and broader market optimism fueled a rally that saw significant gains across digital assets, led by Ripple's XRP.
The Bitcoin ecosystem has trailed Solana in memecoin traction.
Can Bitcoin Dogs [ODOG] benefit from the ongoing meme mania?
Since the U.S. elections, memecoin traction and market size doThe post Are Bitcoin memecoins next to rally in 2025? Why ODOG could rally next appeared first on AMBCrypto.
Anticipation toward the next major rally for Bitcoin continues to increase within the cryptocurrency community following the start of this bull cycle. However, the wait could be over as a crypto expert has predicted a potential rally for BTC in the final quarter of this year.
Bitcoin has performed well in the past few days after experiencing a strong downturn in the first two weeks of September. This rally kickstarted in the middle of this week after the Fed decided to slash the benchmark interest rate by 50 basis points (bps), a move that proved positive for cryptocurrencies.
Bitcoin's price has experienced a notable rally, climbing more than 23% over the past two weeks to reach a two-month high of $68,583 on July 22, before falling back to $65,500 on Wednesday.
Bitcoin saw a sharp rally in early May.
The drop below the SSR oscillator bands was seen then- but will we see an extended rally hereon?
Bitcoin [BTC] was trading at $67k at press time and tThe post Bitcoin repeats THIS historical pattern: Is a bull rally coming? appeared first on AMBCrypto.
Massive retracement before the BTC halving event is “not unusual.”
An extended rally always ensues the halving event, lasting 6-18 months.
Bitcoin [BTC] rebounded following a dovish US FThe post Bitcoin: Should you expect an '18-month' post-halving rally this year? appeared first on AMBCrypto.
The cryptocurrency market has entered a mini-winter period as the recent rally fades and as investors reflect on last week’s approval of a Bitcoin ETF. Bitcoin remained under pressure at $43,000 while the total market cap of all digital coins has eased to $1.
The Bitcoin price rally is losing strength as the cryptocurrency returns to its support levels following weeks of bullish momentum. In the short term, the landscape seems sloped to the downside, but an analyst presented the main reasons why the rally has just begun.
BTC was up by more than 20% over the last 30 days.
Most metrics looked bullish, but market indicators like RSI supported the bears.
Bitcoin [BTC] has enjoyed a comfortable rally over the lasThe post Can Bitcoin maintain its bull rally in November? appeared first on AMBCrypto.
Bitcoin’s rally past the $34,000 mark has also triggered a similar rally in the DeFi sector. Almost all coins have witnessed a notable price increase and growing activity since Bitcoin’s rally, with Solana experiencing a significant resurgence.
On-chain analysis examines the BCH Miners $200 million sell-off could impact the Bitcoin Cash price rally in the coming days.
The post Bitcoin Cash (BCH) Miners Cut Reserves to 5-Year Low – Can the Bulls Sustain the Rally? appeared first on BeInCrypto.
TLDR Bitcoin’s upcoming pre-halving event has set the tone for a rally. The International Monetary Fund (IMF) warns of possible inflation in 2024, which can affect Bitcoin’s rally. Crypto whales seeking ways to diversify their portfolios are looking to NuggetRush for considerable returns.
On-chain data shows the Bitcoin sharks and whales added to their holdings right before the latest rally in the asset’s price occurred. Bitcoin Investors Holding Between 10 to 10,000 BTC Bought Ahead Of Rally According to data from the on-chain analytics firm Santiment, the large BTC holders scooped up a significant amount of the asset […]
A profit-taking wave has triggered yet another Bitcoin (BTC) retracement below $30,000.
How high can it rebound during the next price rally?
The post Why Bitcoin (BTC) Price Could Hit $33,000 During the Next Rally appeared first on BeInCrypto.
Bitcoin's bullish rally resulted in a 13.27% jump in value week-on-week.
BTC's spot market activity was being powered by the U.S. market, with Coinbase taking the lead.
Fueled by institutionThe post Bitcoin: What's behind the ongoing rally? appeared first on AMBCrypto.
Here’s how the current Bitcoin rally stacks up against the previous ones in terms of the drawdowns it has experienced so far. The Current Bitcoin Rally Has Seen A Peak Drawdown Of -18. 6% So Far In a recent tweet, the on-chain analytics firm Glassnode compared the latest Bitcoin rally with the ones seen throughout the entire history of the cryptocurrency.
Key takeaways MicroStrategy has recorded a profit for the first time in nine quarters, thanks to Bitcoin’s rally since the start of the year. AltSignals has completed 62% of its presale and looks to raise over $300k in the coming weeks.
The 2023 Bitcoin rally, which has seen the cryptocurrency's value surge past $30,000, is expected to continue, according to Bank of America strategists Alkesh Shah and Andrew Moss
Bitcoin has recovered above $23,000 off the back of a rally that had started during the last leg of the weekend. This recovery has brought more money into the market, which has helped push the price even further.
Bitcoin has recovered back to $42,000 since the dump after recording a bearish trend. Since then, sentiment, as well as momentum, has since turned towards the positive, leading the digital asset back on the path to a bull rally.
Bitcoin's flash crash and the larger market's consolidation have presented an interesting opportunity for certain altcoins to rally. While altcoins independently rallying isn’t an unusual phenomenonThe post Might 'weakening' Bitcoin, Ethereum allow Quant to rally appeared first on AMBCrypto.
Bitcoin has been slaughtering bears for the past couple of months. Since the fall of last year, the cryptocurrency has seen a face-melting rally to hit a new lifetime high of $64,800 earlier this month.
Bitcoin's price correction in the ongoing rally was rather short-lived and the asset is back trading at the $32400 level based on data from CoinMarketCap. Though traders endured losses in the dip, andThe post Will range-bound Bitcoin fuel an altcoin rally? appeared first on AMBCrypto.
Bitcoin’s rally to $41000 and price discovery beyond it has been mostly straightforward. Most predictions made before the end of 2020 are looking conservative when compared to the price chart. FurthThe post Everything you need to know about the current state of the Bitcoin rally appeared first on AMBCrypto.
Bitcoin’s rally has been heating up as of late, with bulls taking full control of its price action as they sent its price rocketing past its previous all-time highs overnight This rally didn’t last for too long, as an influx of selling pressure around $36,000 slowed its ascent and caused it to reel towards $34,000 […]
Bitcoin has undergone a strong rally over recent months, gaining in tandem with legacy markets. While many think that the cryptocurrency’s rally is just a byproduct of a correlation with the S&P 500, there are some that think the asset has immense intrinsic value in the current macro environment.
Bitcoin fell towards $11,500 on Wednesday, a move that followed its brief rally above $12,000 earlier this week. The correction appeared as a testament to profit-taking behavior. Traders decided to liquidate their long positions following a supersonic intraday rally, thus securing their short-term gains.
Инвесторы на открытом рынке купили более 375 000 биткоинов за последний месяц, конкретно 5 ноября — 50 000 BTC, сообщили эксперты ончейн-платформы CryptoQuant.
С начала августа крупный американский банк Salomon Brothers начал рассылать уведомления владельцам предположительно заброшенных Биткоин-адресов. Финансовая компания требует от пользователей подтвердить факт владения кошельком в течение 90 дней, ссылаясь на спорные юридические конструкции.
The BitMEX referral code is a unique invite code that gives you rewards and trading fee discounts. The best BitMEX referral code is KvNvfN, which gives up to $5,000 in
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Российский сооснователь криптообменника Bitzlato Анатолий Легкодымов обратился к президенту США Дональду Трампу с просьбой о помиловании. Бизнесмен пытается избежать экстрадиции во Францию, где ему грозит до 20 лет тюрьмы.
As the Federal Reserve shifts to quantitative easing, BitMEX’s co-founder Arthur Hayes appears to be confident to bet on Bitcoin hitting $110,000 before dipping to $76,500. Arthur Hayes, BitMEX‘s co-founder, is back with another prediction, this time saying Bitcoin (BTC)…
Экономика США уже начинает трещать по швам: безработица растет, инфляция держится выше ожиданий, а теперь еще и Трамп со своей тарифной войной. Последнее может стать последней каплей для ФРС (заседание уже 18-19 марта), и они будут вынуждены резать ставки, — мнение Артура Хейса, сооснователя и бывшего директора биржи BitMEX.
Бывший CEO BitMEX, Артур Хейс утверждает, что мемкоины займут центральное место на политической арене уже в 2026 году. По его словам, политики будут использовать крипту для вовлечения избирателей, тем самым заменяя традиционную агитацию.
