Liquidation Risk: Hot Spot $94,000-$96,000

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Bitcoin Nears Key Milestone: Breakout Or Major Correction?

Cryptocurrency analytics firm MarktQuant has just released a new report, clarifying the key price levels that Bitcoin (BTC) needs to overcome to maintain its bullish momentum.

Accordingly, the $98,400 resistance level is the biggest barrier for Bitcoin, while the support levels at $90,000-$92,000 could trigger strong volatility.

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Resistance $98,400: The Trend-Determining Level
Bitcoin is currently trading around $97,500 , very close to the $98,400 resistance level .

MarktQuant believes that if Bitcoin breaks this level, the price could enter a new growth phase. Conversely, a failure here could lead to a sharp correction.

Support Zone $90,000-$92,000: A Support Point For Investors
In case of a price correction, $90,000-$92,000 will be a key support zone where investors can expect strong buying pressure to return.

This is also the area where highly leveraged traders are placing stop-loss orders, which could lead to large volatility if Bitcoin drops to this price zone.

Liquidation Risk: Hot Spot $94,000-$96,000
The report also warned of large liquidation clusters in the $94,000-$96,000 range , where many leveraged positions were concentrated.

If Bitcoin price moves near this area, volatility could spike, triggering massive liquidations and having a major impact on market sentiment.

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Expectations and Risks
With the key resistance at $98,400 and support at $90,000-$92,000 , Bitcoin is at a decisive moment.

Investors need to closely monitor developments to take advantage of opportunities or avoid risks during this volatile period.

Will Bitcoin Break Out or Enter a Deep Correction? Let's Wait and See!

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