Important points:
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Bitcoin market analysis shows that the price will tighten towards $114,000 in time for the week’s close.
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Traders are favoring a rebound in BTC price over the next week.
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Despite the $19 billion liquidation cascade, the Bitcoin bull market’s uptrend could remain intact.
Traders are hoping for a recovery in BTC prices next, with Bitcoin (BTC) hovering around $112,000 at the close of the weekly candlestick on Sunday.
Bitcoin liquidation “fishing” towards the end of weekly trading
Data from Cointelegraph Markets Pro and TradingView showed that volatility has declined after the shock of the $19 billion crypto liquidation event.
Although BTC/USD failed to recover significantly, market participants expected a stronger performance next week.
In his latest commentary on X, trader Skew said, “There could be a bailout rally towards the weekly open or futures open.”
“As now, both will always have significant flows from a macro-background aspect. Additionally, due to thin trading volumes in the market, we need to be careful with margin positions, especially in alternatives.”
Peer HTL-NL suggested that while the market remains unpredictable, the risk of a serious crash is low.
“Of course, no one knows how the W conference ends and next week will go, especially since Legacy had little time to react to Mr. Trump,” he told X followers.
“But I’m not overly concerned. Everything was ready to be fixed anyway, but it all got amplified and the system went down.”
Trading resource TheKingfisher noted that traders are severely short on BTC, with potential liquidity gains centered around the $114,000 area.
“The weekend is all about liquidation fishing for the Bitcoin range,” the newspaper wrote that day, along with its own market data.
BTC bull market analyst: “Something bearish could happen”
Caleb Franzen, founder of financial research resource Cubic Analytics, was even more bullish.
Related: Bitcoin’s ‘macro whiplash’, Shuffle suffers from data breach: Hodler’s Digest, October 5-11
In his latest Substack post, he looked at Bitcoin and its interaction with its simple (SMA) and exponential (EMA) 200-day moving averages.
“Prices will probably fall further from here,” he argued.
“Similar to the consolidations that occurred in August-September 2023, July-September 2024, and February-April 2025, it would be perfectly normal for the stock to briefly dip below the 200-day moving average cloud before recovering and continuing the trend toward new highs.”
Nevertheless, BTC/USD could make further lows on the daily time frame, which Franzen said would sustain the uptrend.
“If the uptrend is just higher highs and higher lows, then this consolidation does nothing to invalidate the uptrend,” he added.
“As last week proved, we have to accept that bearish things can happen during uptrends, but it is also important to accept that being bearish during uptrends is a big way to lose or underperform.”
This article does not contain investment advice or recommendations. All investment and trading moves involve risk and readers should conduct their own research when making decisions.