Bitcoin

Bitcoin&#39;s price remained stable over the weekend, settling at around $62,000. However, an analyst MartyParty, has identified a possible short squeeze based on Bitcoin’s liquidation chart. This alert indicates a potential market movement that could significantly impact prices. If certain thresholds are reached, Bitcoin could see a rapid price increase.<h2 id="header-0">Current Liquidation Levels</h2>According to the analyst’s data, <a href="https://cryptotale.org/bitcoin-breaks-62k-sol-leads-gains-in-crypto-market-rally/" rel="noopener noreferrer nofollow">Bitcoin</a>&#39;s price stood at $66,823.8 as of October 4, 2024. The liquidation leverage at this level is $10.83 billion. Further, other important price points were observed in recent weeks.On September 16, 2024, Bitcoin reached $70,326.88, with $16.15 billion in liquidations. Also, on September 23, 2024, the price hit $72,578.86 with $17.86 billion in liquidations. This data enabled the analyst to predict a short squeeze to occur near $66,200.At this point, $10 billion in short positions could be liquidated. This would create buying pressure as these liquidations turn into spot buys, which could push the price higher. If Bitcoin moves past $66,200, it could trigger more liquidations at higher levels.Related: <a href="https://cryptotale.org/altseason-expected-in-q4-will-altcoins-outperform-bitcoin/" rel="noopener noreferrer nofollow">https://cryptotale.org/altseason-expected-in-q4-will-altcoins-outperform-bitcoin/</a><a href="https://cryptotale.org/bitcoin-liquidation-levels-signal-short-squeeze-alert/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Liquidation Levels Signal Short Squeeze Alert

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