Bitcoin's Wild Ride: Liquidations, Breakouts, and Bearish Predictions
Update: 2025-12-17
Description
Bitcoins price experienced a dramatic swing, reaching $90,000 before plummeting, causing liquidations for both long and short positions. This volatility was observed around the Wall Street open, with short sellers feeling the brunt of the squeeze. Analysts like Michaël van de Poppe and Exitpump saw this as a positive sign, predicting further price increases. However, Caleb Franzen of Cubic Analytics warned of a potential breakdown, with Bitcoin nearing its one hundred-week moving average cloud. Despite the recent surge, some traders like Roman anticipate lower prices, suggesting a potential buying opportunity for those using a dollar-cost averaging strategy.
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