Bitcoin Juggling Between Pivotal Levels-Here’s What’s Next for the BTC Price Rally if it Plunges Below $102K

The Bitcoin price has recorded the highest weekly fence in history, above $ 107,000, allowing the path to a new ATH. Meanwhile, the Bears have intensified their action, which led to the levels lower than the open range of the day before, which has shown enormous concerns about the next price action. On the other hand, the range of BTC liquidity has entered a crucial phase in which a strong conflict between bulls and bears could be considered as a means of obtaining supremacy in the coming days.

Since the BTC price has sparked a rebound in local stockings, whales and bulls seem to have become more optimistic. As a result, more long traders were placed with a massive lever effect. This made optimistic retail merchants on Bitcoin, offering a strong boost to the BTC price rally, which almost marked the summits. Maplely, these whales began to extract profits, which seems to be a major reason for the current fall.

As suggested by the above data, a hyperliquid whale which had placed an exchange of 40 times long on Bitcoin began to make profits after winning $ 10 million in 24 hours. Interestingly, the whale still has a massive position of $ 337 million on the BTC, which shows a serious conviction. Now the question arises whether Bitcoin Bull Run has more space or it’s time for the exit door.

Bitcoin’s daily table continues to remain in an upward influence, despite the lower interference. The price has just faced a rejection before entering the final resistance zone below the ATH, which suggests a final correction before marking a new summit. The volume of balance has been plunged, which indicates a drop in purchase activity with an increase in sales. However, the levels of my care because the price of the BTC could go towards a golden cross.

The 50/200 day MA heads for a bullish crossover, which generally triggers a massive increase. Consequently, the next monthly fence could have a major impact on the next rally, because a success of a golden cross could propel the price of the BTC greater than $ 110,000. In the event of failure, the star crypto can start with a strong withdrawal, extending the correction phase.