Bitcoin Eyes Key Liquidity Zones Above $90,000

Bitcoin is targeting crucial liquidity zones between $90,000 and $91,500—levels seen as psychologically significant by many traders. According to analysts, this area is drawing attention due to a concentration of potential liquidations.

Following a sharp dip to around $74,000 last week, Bitcoin has rebounded and is now up 7% on the weekly chart, setting the stage for a potential move toward these liquidity-heavy zones.

Crypto analyst CrypNuevo highlighted that approximately $15 billion is currently held in long positions at peak liquidity. He also noted that while the liquidation spread is balanced for now, a spike beyond $25 billion could warrant concern.

CrypNuevo suggests a likely scenario where Bitcoin’s price compresses between the 50-day exponential moving averages (EMAs) on both daily and weekly timeframes—currently near $86,000. This could lead to a significant price breakout.

He also mentioned the possibility of a third retest, following a common market behavior pattern, which may lead to a tighter price range and potentially a more explosive breakout later on. A mid-range support level near $81,000 is also being closely watched.

Supporting this outlook, analyst Ali Martinez pointed to $82,024 as a strong support zone—where over 96,000 BTC were once held #BTCReboundOrDip #WhaleMovements $BTC $ETH $XRP