16 billion dollars indicate a possible place to the whereabouts of Bitcoin, after that

Crypto Kevin Capital analyst gave an insight around where the Bitcoin price can then go. The analyst alluded to the current liquidation data, and revealed that there is currently $ 16 billion in Possible filters From the current BTC price to the price level of $ 107,000.

The liquidation data indicates that the bitcoin price recovery is imminent

in X postKevin Capital has revealed that there are only $ 1.5 billion of long qualifiers from the current bitcoin price to the price of $ 77,000. On the other hand, there are $ 16 billion in short qualifiers from the current price The level of 107,000 dollars. The analyst noted that this is one of the biggest variations in history.

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He also pointed out that market makers prefer to transport prices as they can deal with most of them. As such, this indicates that the price of bitcoin can refresh as market makers look forward to seizing liquidity in the upward direction. Kevin Capital Note that patience is still necessary while it comes to 3 days itself. However, he added that in general, things seem more clear to bulls.

Bitcoin price has collapsed over the past two days, as it decreased to 86,000 dollars, which raised fears that running has ended. However, the Kevin Capital analysis provides some optimism that the bull’s running has not yet ended and that the main encryption can still restore the price of $ 100,000 and may reach new levels.

BTC holders in the long run It also seems confident that the price of bitcoin will remain higher. In the X Publication, the encryption analyst Ali Martinez revealed that they accumulated nearly 20400 BTC after the sharp sale that started two days ago.

BTC can still decrease to 80,000 dollars

Exalted analysts Ali Martinez Titan of Crypto has suggested that the price of Bitcoin can decrease to the bottom of the 80,000 dollar range. In the X Publication, Martinez stated that Bitcoin shows similarities with the top of the 2021 market. Also note that if this pattern continues, there may be a period of monotheism at the current levels before the bottom of the next station to BTC.

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His accompanying scheme showed that Bitcoin price may decrease to 80,850 dollars when this next station occurs. Titan from encryption The BTC declined to $ 81,000. He stated that BTC breaks the line of trend and indulgence under the last shelter. He claimed that the weekly BTC candle that failed to restore the trend line could send the main encryption to the following support, which is Kijun at $ 81,000.

At the time of this report, the Bitcoin price is traded by about $ 88,700, a decrease of more than 3 % in the past 24 hours, according to Data From Coinmarketcap.

Distinctive image from Istock, Chart from TradingView.com