Bitcoin primed for short squeeze as weekly close nears

The following are key points.

• Bitcoin analysis shows a push towards $114,000 before the end of the week.

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

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

BitcoinBTCThe price of BTC was expected to rebound next. The traders were hoping for this.

Bitcoin liquidation “fishing” Due to weekly close

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

BTC/USD has not shown a significant recovery but participants in the market expect a better performance for 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 On 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, another trader from the Netherlands, hinted at the low risk of an abrupt crash.

“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 looked at the interaction between Bitcoin and its 200-day simple moving average (SMA), as well as exponential (EMA).

“Maybe prices fall further from here,” He argued. 

“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.