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.

• BTC is expected to rebound next week, according to traders.

• Bitcoin’s uptrend is still intact, despite the $ 19 billion cascade of liquidations.

BitcoinBTCThe price of BTC was expected to rebound next.

Bitcoin liquidation “fishing” Due to weekly close

Data about 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 the trader 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, 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,” 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, a trading resource, saw a possible liquidity grab in the area of $114,000 with traders severely short on BTC.

“Weekends are for $BTC range liquidations fishing,” It is a good idea to get a hold of someone else. wrote The day’s market statistics are displayed alongside the proprietary data.

BTC Bull Market: Analyst’s view “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 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.