A $30.8K short liquidation hit at $114,327.70, catching bearish traders off guard as Bitcoin pushed through another resistance zone. The move highlights a growing shift in momentum — bulls are stepping in with confidence, reclaiming control of the mid-range trend.
Technical Breakdown:
Immediate Support: $113,800 – needs to hold to maintain bullish momentum.
Resistance Zone: $114,800 – first key hurdle; strong breakout could accelerate gains.
Next Upside Targets: $115,500 and $116,300 – potential reaction zones where traders may look to take profit.
Market Insight: The short squeeze underscores increasing spot demand and liquidations acting as fuel for upward continuation. With sentiment leaning bullish, every pullback is being met with aggressive buying interest.
Next Target: A clean move above $114,800 could propel BTC toward $116,000–$117,000 next, where major liquidity awaits and fresh volatility is likely to emerge.