Bitcoin’s price movement is currently stabilizing at approximately $112,000 as it approaches a significant weekly close. Traders are optimistically betting on a potential rebound in the market as they see a bullish squeeze toward $114,000 likely occurring soon.

Key Observations:

• Bitcoin’s market generally anticipates push towards $114,000 by the end of the week.
• A recovery is predicted as traders are leaning toward a price rebound for BTC in the upcoming week.
• Despite a substantial liquidation event that saw $19 billion vanish from the market, the overall upward trend for Bitcoin remains unbroken.

Data from reputable sources indicates a cooldown in volatility post the major liquidation debacle. The next week is expected to witness enhanced performance in BTC.

Quote from Trader Skew:

“Both always bring important flows from the aspect of a macro backdrop as we currently have. Plus thin market atm so careful with margin positions especially in alts.”

Market Expert HTL-NL:

“You never know what the W close and next week will bring of course, especially since legacy barely had time to respond to Trump. However, I am not overly worried. Everything was poised for a correction anyways, but it all got amplified and we had a system break down.”

Furthermore, TheKingfisher suggested that traders are heavily short on BTC, eyeing a potential liquidity grab around $114,000.

Market Analyst Caleb Franzen expressed a bullish outlook, analyzing Bitcoin’s interaction with moving averages and implying that while prices might dip lower, a rebound to new highs is still very possible. He emphasized that:

“While we must accept that bearish things can happen during uptrends, as this past week proved, it’s also vital to accept that being bearish during an uptrend is a great way to lose money and/or underperform.”

Note: This content does not offer investment advice, and all trading decisions carry risk.