INSUBCONTINENT EXCLUSIVE:
Key points:Bitcoin tags fresh record highs into the weekly close as liquidations punish shorts.BTC price areas of interest include a support
price volatility returned into the weekly close.BTC/USD 1-hour chart
Source: Cointelegraph/TradingViewBTC price spikes to new record near $19,500Data from Cointelegraph Markets Pro and TradingView showed
BTC/USD reaching $119,444 on Bitstamp.The pair eclipsed its previous record peak from two days prior as it crossed the $119,000 mark for the
first time, liquidating shorts as it went.The latest data from monitoring resource CoinGlass put short BTC liquidations at over $20 million
in a single hour.Binance BTC/USD liquidation heatmap
We've got a lot of big liquidity clusters above and below the current price
$BTC manages to break above $120K, the path towards $135K-$140K will open
firmly optimistic on the immediate outlook for BTC price action.Related: Bitcoin $120K expectations add fuel to ETH, HYPE, UNI and
Federal Reserve Chair Jerome Powell.BTC/USDT 1-week chart
Source: Rekt Capital/XThis article does not contain investment advice or recommendations
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
