Key Notes
- Technical evaluation identifies two main liquidation zones at $116,800 and $119,000 that might function worth magnets for Bitcoin’s subsequent transfer.
- The cryptocurrency efficiently examined the 50-day exponential transferring common help stage, establishing a basis for potential upward momentum.
- Bitcoin’s correlation with the S&P 500 stays sturdy, making each property delicate to macroeconomic developments and recession considerations.
Bitcoin
BTC
$115 061
24h volatility:
0.9%
Market cap:
$2.29 T
Vol. 24h:
$31.16 B
worth has as soon as once more skilled excessive volatility occasions in a brief time frame, flirting with its earlier all-time excessive simply to retrace again to the $112,000 stage, following macroeconomic uncertainty triggered by sudden jobs knowledge. An analyst, nonetheless, had beforehand warned of an extended squeeze focusing on these ranges—now doubtlessly serving as a launchpad for an upward transfer.
CrypNuevo is a famend Bitcoin dealer and analyst, with outstanding accuracy in his technical analyses that often think about open curiosity liquidity as a most important driver for worth.
Specifically, the analyst warns of two liquidity clusters at $116,800 and $119,000, which might act as worth magnets within the following days, possible inflicting a brief squeeze. The motion might already be in movement proper now, but it surely might additionally come after one other retracement testing the $110,000 help, explains CrypNuevo.
$BTC liquidity replace:
Liquidations are additionally beginning to present up on the heatmap round $116.8k and $119k.
From a swing buying and selling perspective, I nonetheless lean towards a push into that liquidity zone – doubtlessly from $113k (1D 50 EMA) or $110k (structural help).
Decrease? uncertain pic.twitter.com/SamV0hHu4A
— CrypNuevo 🔨 (@CrypNuevo) August 6, 2025
A brief squeeze is what occurs when the BTC worth surges aggressively, hitting ranges with a excessive focus of programmed liquidations from short-sellers. The worth motion triggers these liquidations, creating extra bids for Bitcoin—as a part of the liquidation course of—and pushing the worth additional up for extra liquidations in a row. One thing related can happen to the draw back, focusing on lengthy place liquidations, which is named an extended squeeze.
Bitcoin Worth Evaluation by CrypNuevo and Inventory Market Correlation
On January 27, CrypNuevo warned of serious liquidation clusters to the draw back, focusing on a worth vary between $113,600 and $114,500, explaining the primary liquidity was on the lowest worth. The lengthy squeeze proceeded as anticipated and continued additional, testing the 50-day exponential transferring common (1D50EMA), an indicator typically highlighted by the analyst. Different cryptocurrencies, like Ethereum
ETH
$3 720
24h volatility:
2.6%
Market cap:
$449.01 B
Vol. 24h:
$21.04 B
, additionally skilled the drop, dropping necessary help ranges.
In a follow-up to his earlier evaluation, CrypNuevo drew comparisons to cost motion seen in January 2025, however defined that the draw back transfer would possible cease across the 1D50EMA, setting help for a comeback—in a different way from what occurred earlier this yr.
$BTC Sunday replace:
Is January’s Worth Motion repeating now?
The reversal PA was virtually an identical on the highs since it is a widespread sample for a pullback after lowering momentum.
Nonetheless, the present state of affairs could be very totally different and it is unlikely PA repeats additional:
🧵↓ (1/5) pic.twitter.com/hoWesUACSL
— CrypNuevo 🔨 (@CrypNuevo) August 3, 2025
As of this writing, Bitcoin is already buying and selling at $115,470, displaying indicators of a restoration along with the S&P 500 (SPX), which represents the US inventory market. Each monetary property have a related correlation, observable within the chart beneath, and are very delicate to macroeconomics. Latest sudden jobs knowledge introduced again recession fears to buyers, partially explaining the worth drop for BTC and shares.
Bitcoin (BTC) and S&P 500 (SPX) 1D Worth Chart | Supply: TradingView / Vini Barbosa
A extra optimistic macro state of affairs or different ‘bullish’ information might gasoline an upward motion in all markets, pulling Bitcoin in the direction of the liquidation clusters as much as $119,000, near BTC’s present all-time excessive. A brief squeeze on this area would deliver extra volatility to the area. Thus, merchants ought to be cautious whereas positioning and creating additional targets for the whales to hunt.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm info by yourself and seek the advice of with knowledgeable earlier than making any selections primarily based on this content material.
Vini Barbosa has coated the crypto business professionally since 2020, summing as much as over 10,000 hours of analysis, writing, and enhancing associated content material for media shops and key business gamers. Vini is an energetic commentator and a heavy consumer of the know-how, really believing in its revolutionary potential. Matters of curiosity embrace blockchain, open-source software program, decentralized finance, and real-world utility.
