Bitcoin primed for short squeeze as weekly close nears

The following are key points.

• Bitcoin Market Analysis: The market is expected to reach $114,000 by the close of this week.

• The traders are predicting a BTC rebound in the next week.

• Bitcoin’s bullish market can continue despite the 19 billion dollar liquidation.

BitcoinBTC( centered around $112,000 as the weekly candle closed on Sunday, with traders hoping for BTC to make a comeback.

Bitcoin liquidation “fishing” Due to weekly close

Data Cointelegraph Markets Pro You can also find out more about the following: TradingView The volatility of the market has cooled after the shock. $19 billion crypto liquidation event.

BTC/USD did not deliver any major gains, but the market expected a stronger performance next week.

“Can see case of a relief bounce going into weekly open / futures open,” Skew, a trader from the UK, wrote in his latest commentary X.

“Both always bring important flows from the aspect of a macro backdrop as we currently have. Plus thin market atm so careful with margin positions especially in alts.”

HTL-NL said the chances of a severe crash are low, even though the market is unpredictable.

“You never know what the W close and next week will bring of course, especially since legacy barely had time to respond to Trump,” He told X Followers 

“However, I am not overly worried. Everything was poised for a correction anyways, but it all got amplified and we had a system break down.”

TheKingfisher trading resource saw potential for a liquidity grab around $114,000, as traders were heavily short of BTC.

“Weekends are for $BTC range liquidations fishing,” It is a good idea to get a hold of someone else. wrote On the Day alongside proprietary Market Data

BTC Bull Market: Analyst’s view “Bearish things can happen”

Caleb Franzen creator of the financial research tool Cubic Analytics was still bullish.

Related: Bitcoin’s ‘macro whiplash,’ Shuffle suffers data breach: Hodler’s Digest, Oct. 5 – 11

He is a latest Substack postHe observed the relationship between Bitcoin’s simple (SMA), and exponential (EMA), 200-day moving mean.

“Maybe prices fall further from here,” He was arguing. 

“Similar to the consolidations that occurred in August-September 2023, July – September 2024, and February – April 2025, it would be completely normal for a brief decline below the 200-day MA cloud before a reclaim and trend continuation to new highs.”

Despite that, BTC/USD could still print a higher low on daily timeframes — something that Franzen said would leave the uptrend intact.

“If uptrends are just the production of higher highs & higher lows, then nothing about this consolidation has invalidated the uptrend,” He added.

“While we must accept that bearish things can happen during uptrends, as this past week proved, it’s also vital to accept that being bearish during an uptrend is a great way to lose money and/or underperform.”

The article is not intended to provide investment advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.