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Bitcoin 'short squeeze' or $87K dip next? BTC price predictions vary

cryptoweekly by cryptoweekly
April 24, 2025
in bitcoin, News
0

Bitcoin could liquidate a large block of leveraged shorts with a trip above its yearly open, but BTC price dip expectations are building as traders eye $87,000.

Bitcoin is setting up a showdown with leveraged shorts immediately above its yearly open price.

That key level near $93,500 is the main target for traders hoping that BTC/USD will cement its latest breakout.

The next support retest could involve $87,000, analysis suggests.

Read more

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Recent Posts
  • Paradigm urges jury clarity in Roman Storm’s Tornado Cash case
  • Bitcoin dips amid reports Trump has called advisers to situation room
  • Bitcoin production costs up 9% on higher hashrate, energy prices
  • JPMorgan files ‘JPMD’ trademark for crypto payment services
  • Polyhedra cites liquidity attacks, Wintermute deposits behind ZKJ price drop
  • Fairmint calls for blockchain framework for private markets in SEC proposal
  • Eric Trump is 'biggest fan' of Justin Sun, but denies involvement in Tron’s public venture

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