BlockBeats News, October 12th, according to Cointelegraph, the price of Bitcoin fluctuated around $112,000 at the weekly close on Sunday, with traders expecting a rebound in the Bitcoin price.
Data from Cointelegraph Markets Pro and TradingView shows that after the $19 billion crypto liquidation event, volatility has decreased. Bitcoin failed to achieve a significant rebound, but market participants believe that next week may show stronger performance.
Trading information platform TheKingfisher pointed out that liquidity grabs may occur around $114,000, while traders hold significant short positions on BTC. The weekend is a good time for range liquidation on BTC.
Despite a $19 billion liquidation event in the crypto market, the upward trend of the Bitcoin bull market can still remain intact.
