After reaching a record weekly close above $106,000, Bitcoin$BTC experienced a wave of liquidations this afternoon, causing a sharp pullback. A significant number of positions were wiped out as the price dropped from its recent highs.
Traders are now watching closely to see what happens next. As markets reopen tomorrow, Bitcoin could either continue climbing toward its all-time high (ATH) or dip lower to test the support level around $102,000 on the 4-hour chart.
The next few days will be key in determining whether Bitcoin resumes its bullish momentum or faces further correction.