Bitcoin primed for short squeeze as weekly close nears

Important 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 uptrend is still intact, despite the 19 billion dollar liquidation.

BitcoinBTC( centered on 112,000 dollars into the Sunday weekly candle close, as traders were hoping for BTC to make a comeback.

Bitcoin liquidation “fishing” Weekly close

Data can be obtained from 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 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 the trader wrote about his experience 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, a fellow trader, said that the risks of a major crash were low as the market was 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,” Using 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,” You can also find out more about us here. wrote On the Day alongside proprietary Market Data

BTC analyst on bull market “Bearish things can happen”

Caleb Franzen is the creator of Cubic Analytics a financial research resource. He was more optimistic.

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

The author, in his own words: latest Substack postHe looked at the interaction between Bitcoin and its 200-day simple moving average (SMA), as well as exponential moving (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 also 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. Risk is inherent in every investment decision and trade. The reader should always do research prior to making their final choice.