Bitcoin Price Analysis: Short Squeeze Imminent as Bearish Pressure Weakens

Bitcoin Price Analysis: Short Squeeze Imminent as Bearish Pressure Weakens
фото показано с : bitcoinmagazine.com

2019-5-1 01:32



Summary:Following unconfirmed claims by the NYC Attorney General regarding Bitfinex and Tether’s insolvency, the bitcoin market had a knee jerk reaction that caused us to retest macro support. However, this pullback barely made a scratch on the market structure as we didn’t manage to break our trend of higher lows.The move was swift, but after a few days of sideways consolidation, the market is now seeing a retest of macro resistance in the $5,300 level. So far, the market has yet to reclaim the broken support, but the move is still freshIf we manage to close above the $5,300 level, this would mark a very bullish feat for our market structure as we continue to test and reclaim support level after support level. If we can close a daily candle above the $5,300 level, it’s very likely we will see a continuation of the uptrend and test the $5,800s.At the moment, the short interest is very high and the market seems to be absorbing every bit of ammunition the bears throw at it. As time moves on, we are seeing a high amount of short positions stack up around the $5,300 zone. This sets up the market for a potentially violent short squeeze.

Trading and investing in digital assets like bitcoin is highly speculative and comes with many risks. This analysis is for informational purposes and should not be considered investment advice. Statements and financial information on Bitcoin Magazine and BTC Inc sites do not necessarily reflect the opinion of BTC Inc and should not be construed as an endorsement or recommendation to buy, sell or hold. Past performance is not necessarily indicative of future results.

This article originally appeared on Bitcoin Magazine.

origin »

Bitcoin (BTC) на Currencies.ru

$ 91347.63 (-0.76%)
Объем 24H $57.828b
Изменеия 24h: -2.25 %, 7d: -0.18 %
Cегодня L: $91347.63 - H: $92664.54
Капитализация $1823.098b Rank 1
Цена в час новости $ 5388.31 (1595.29%)

market bitcoin level short support very close

market bitcoin → Результатов: 126


Фото:

Bitcoin and S&P 500 Enter Late Bull Phase – Markets Stay Risk-On Ahead Of Q4 Earnings

Bitcoin continues to struggle to break decisively above the $110,000 mark following the October 10 market crash, as volatility and uncertainty dominate sentiment. The market now stands at a critical crossroads — one that could define whether the next phase brings a deep correction or sets the stage for a massive recovery. Related Reading: Tether […]

2025-10-24 05:00


Bitcoin, Cardano, XRP Among Biggest Winners as Market Rebounds – Next Big Players in the Market?

After a $20,000 loss in its price between February 21st and 28th, Bitcoin (BTC) managed to recover yesterday, soaring beyond the $94,000 mark. Led by Bitcoin’s example, numerous altcoins also The post Bitcoin, Cardano, XRP Among Biggest Winners as Market Rebounds – Next Big Players in the Market? appeared first on CryptoNinjas.

2025-3-3 19:23


Фото:

Margin Of Safety Indicates Bitcoin Undervaluation Below $90K Amid Prevailing Market Pessimism

Bitcoin showed unpredictable price action yesterday, plummeting to a low of $89,100 before staging a rapid recovery to reclaim the $96,000 mark. This sharp move is often seen as a liquidity sweep orchestrated by market makers to clear out leveraged positions, a tactic that fuels short-term volatility but strengthens the market’s long-term structure. Related Reading: […]

2025-1-15 11:30