Bitcoin is very close to a bullish breakout. If it surpasses 80,000 dollars (which I foresee), it will likely skyrocket towards 84,000 dollars. Don't try to short during the breakout; you'll lose a lot of money.
Bitcoin is approaching a critical short liquidation zone. 🚀 #btc
On the 15-minute timeframe, the price is rallying towards 79,400.
📍Steady recovery after consolidation. 📍Higher lows generating momentum. 🚨Key level ahead: A large group of leveraged short positions is sitting above.
🔥Accumulated liquidity between 79,500 and over 81,000. This is the zone to watch. If the price continues to rise, short liquidations are expected to trigger. Possible acceleration towards that red group. The market is heading once again towards the exposed leverage.
About 12 hours ago, a big player set a limit buy order of 7.49 million at $76,500 on Binance. This signals increasing interest in the support range of 75-77k. Other areas to watch (highlighted in red): $80,000 = 29.88 million; $75,000 = 7.49 million; $74,000 = 6.74 million. I'll be keeping an eye on these levels.