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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
  • Strategy Inc vs. BlackRock: Which is the better Bitcoin proxy stock for your portfolio?
  • ‘Apple should buy Bitcoin,’ Saylor says, as share buyback disappoints
  • 87 deepfake scam rings taken down across Asian in Q1 2025: Bitget Report
  • Bank of Japan pivot to QE may fuel Bitcoin rally — Arthur Hayes
  • Bitcoin Coinbase Premium hits 4-month high as 550K BTC leaves exchanges
  • Trump’s CFTC pick calls blockchain a society-shaping technology
  • South Korea plans to legalize stablecoins issuance

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