Bitcoin Has Liquidation Price Targets in Sight Ahead of a Big Weekly Close

Bitcoin (BTC) traded near year-to-date highs above $91,000 as the weekend weekly close approached, coinciding with market reactions to US military activity concerning Venezuela. Traders were focused on exchange order-book liquidity for short-term price direction, noting a significant cluster of liquidations near $88,000 and the $92,000 level, which represents a recent range high. Some analysts suggested that thin order books above $95,000 could facilitate a quick move toward $100,000, though recent weekly closes have often resulted in 'fakeouts.' The geopolitical events involving Venezuela, which holds Latin America's largest gold reserves, were expected to cause volatility across global markets, including stocks, commodities, and crypto. Analysts like Michaël van de Poppe remained optimistic about Bitcoin's outlook versus gold, noting bullish divergence signals on the BTC/Gold chart.

(Source：Cointelegraph)