Bitcoin traders predict BTC price gains ahead of $96K liquidity clash

Quick Summary:

Source: KalshiDespite the scope for flash volatility across risk assets, Bitcoin traders were increasingly convinced that BTC price upside would soon return.“It's going to be decision time for $BTC and $SPX I'd imagine within the next 24 hours,” popular trader Cold Blooded Shiller argued. “Either this loss of momentum results in the correction or we get clear of this and make a significant break into new highs.

Source: CoinGlass“Bitcoin is on the cusp of a Monthly Close in the $93300-$96500 Monthly Range,” popular trader and analyst Rekt Capital commented in an X post on the topic.“A Monthly Close like this would solidify Bitcoin's position at these highs, even if downside wicking below $93300 could still occur in May (similar to Dec 2024 or Jan 2025 wicks).”BTC/USD 1-month chart.

Source: Michaël van de Poppe/XFellow trader Jelle and others meanwhile eyed a potential upside liquidity grab with asks thickening immediately above spot price, mostly clustering around $96,000.“Simply moving sideways for a while to prepare for the next leg higher,” he added in a separate X post on the day.

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Article Details

Author / Journalist: Cointelegraph by William Suberg

Category: Crypto

Markets: United States

Topics: Btc/usd Chart Monthly Data Trading Volatility April Price Post Trader Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 12:11:30 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 458 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 28297483

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