Will Bitcoin Keep Falling?
After a sharp rally, Bitcoin has made a correction. However, it managed to stay above the $100,000 level.
Let's take a look at the Bitcoin Heatmap together.
As you can see on the chart, although there's no intense liquidation zone left,
we can observe that liquidation has accumulated around the $98,500 level during the downward movement, and it increases further as the price drops below that.
Looking upward, there are significant liquidation levels around $105,000 and $106,000, which Bitcoin hasn't been able to break through.
What do you think—where is it headed?