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Moreover, the Bitcoin liquidation heatmap shows a significant build-up of liquidity around the $100,000 mark, particularly at approximately $99,700. This accumulation implies that a strong move above $100,000 could instigate a short squeeze, propelling the price upward further. Yet, for the short term, traders are advised to brace for possible fluctuations similar to previous resistance challenges.
Trading Insights and Takeaways
For traders looking to capitalize on Bitcoin's volatility, multiple platforms are available, including Bybit and Bonex, each offering various bonuses and features. With proper risk management and strategic trading plans in place, participants in the cryptocurrency market can navigate through both bullish expansions and periods of consolidation.