If Bitcoin (BTC) breaks the important resistance level of 113,600 USD, the entire crypto market could rise to the sky. Currently, there is a large amount of unliquidated short positions, meaning many traders are betting that the price will fall. When BTC surpasses this level, the short positions will be forced to close, creating a short squeeze effect that drives the price up quickly.
This chain reaction can spread to altcoins as liquidity floods into the market. Remember that the market moves based on liquidity, not on news or politicians' posts. In other words, prices fluctuate according to where the money flow concentrates, and when that pressure point is broken, the upward momentum and volatility can explode across the entire crypto market.
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Bitcoin surpassing the 113,600 USD mark could trigger a strong bullish wave across the crypto market.
If Bitcoin (BTC) breaks the important resistance level of 113,600 USD, the entire crypto market could rise to the sky. Currently, there is a large amount of unliquidated short positions, meaning many traders are betting that the price will fall. When BTC surpasses this level, the short positions will be forced to close, creating a short squeeze effect that drives the price up quickly.
This chain reaction can spread to altcoins as liquidity floods into the market. Remember that the market moves based on liquidity, not on news or politicians' posts. In other words, prices fluctuate according to where the money flow concentrates, and when that pressure point is broken, the upward momentum and volatility can explode across the entire crypto market.