Bitcoin Price Faces Threat As Analyst Foresees $55 Million Liquidation

Bitcoin Price Faces Threat As Analyst Foresees $55 Million Liquidation
According to data from CoinMarketCap, Bitcoin (BTC) has maintained its upward price trajectory over the last day, gaining by 4.04% to briefly trade above the $48,000 mark. As BTC now hovers around the $47,100 price zone, investors and market experts remain highly speculative about the token’s next action. On that note, popular analyst Ali Martinez has called a major prediction that could spell weighty losses for many investors.  Related Reading: Expert Predicts Bitcoin Price Rally To $58,000, Here’s Why Liquidity Hunters Target $45,810 In Potential Bitcoin Price Manipulation Plot  In an X post on Friday, Martinez predicted an incoming dip in Bitcoin’s price driven by a planned liquidation. Using data from the cryptocurrency futures trading platform, CoinGlass, the analyst stated the Bitcoin liquidation heatmap indicated that there is potential strategic liquidation in play. According to the #Bitcoin liquidation heatmap, there’s a potential strategy unfolding where liquidity hunters could drive the price of $BTC down to $45,810. This move is aimed at triggering liquidations amounting to $54.73 million! pic.twitter.com/monFlZmvQ6 — Ali (@ali_charts) February 9, 2024 Martinez stated that liquidity hu ..

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