#BTCvsMarkets Is a Major Move on the Horizon?
If Bitcoin ($BTC) hits the liquidation cluster, there's a strong likelihood that a flood of sell orders will hit the market. However, here's the key twist:
Bitcoin demand is currently through the roof, and even major centralized exchanges (CEXs) are running low on supply. This means that any sell orders could be absorbed quickly—resulting in a scenario where the price doesn't crash, but instead surges higher due to the lack of available supply.
📈 Key Indicators to Watch:
A breakout towards resistance zones: Watch for any upward movement that could indicate BTC is testing its resistance levels.
A potential test of the next major price ceiling: If Bitcoin breaks through these resistance levels, the next target could be a significant price ceiling.
However, it's important to consider the flip side:
What happens if traders are unwilling to buy #BTC at these elevated levels near resistance?
If buying pressure fades, a reversal is entirely possible, causing the price to retreat.
✅ TL;DR:
We're currently in a high-stakes zone for Bitcoin. The market could either see a breakout (push upwards) or a reversal (pullback). Keep an eye on both possibilities and stay prepared for any move.