Bitcoin Eyes $115K Amid Bullish Momentum and Short Squeeze Risks

By: cryptofrontnews|2025/05/15 08:15:06
0
Share
copy
Bitcoin eyes $115K as strong momentum, technical signals, and a short squeeze threat align to fuel its ongoing bullish breakout.BTC trades within a crucial range since early 2024, and a breakout above $116K could trigger a run toward the $165K long-term target.Short sellers face rising pressure as liquidations surge above $103K, while long liquidation rates drop amid bullish consolidation.According to Javon Marks, Bitcoin signals bullish pressure now trading at $104,343 after making a relief rebound from a momentary correction. The trend is stronger, and technical indicators support holding out the hope of breaking to $115,000. At this level, more than $5 billion of BTC short positions are subject to liquidation, heightening the risk of a severe short squeeze.Source: Javon MarksNotably, Bitcoin's current price sits firmly between two pivotal technical zones: $67,059 and $119,082. This range has shaped much of the price action since early 2024. A breakout above $116,652 could push Bitcoin to a new all-time high, bringing $165,000 into play in the long term.Market Structure Signals Further UpsideBitcoin’s multi-year reveals a clear cyclical structure. The 2022 bear market formed a long-term base near $16,000. By early 2023, Bitcoin began recovering, breaking past key resistance around March. This breakout ignited a steady uptrend that remains intact. Besides, a curved bottom formation confirms the long-term bullish reversal.By late 2023, prices surged past $40,000 and eventually tested the $67,059 resistance. This level held for weeks until Bitcoin finally broke through in early 2024. Consequently, the breakout triggered a new price discovery phase. Bitcoin rallied to $108,000 in April 2024 before correcting. The current price action indicates consolidation within a broader uptrend. Additionally, historical patterns suggest each bull cycle pushes Bitcoin to higher peaks.Liquidation Trends Add Fuel to the FireBitcoin liquidation data across Binance, OKX, and Bybit highlights growing pressure on short sellers. Cumulative short liquidations began accelerating once prices crossed $103,617. By contrast, long liquidations declined sharply as Bitcoin rallied from $92,385 to current levels.Source: AK47Moreover, Bybit consistently showed the largest share of daily liquidation volumes. Spikes appeared near $99,873 and $105,372, with the majority being short positions. However, recent trading has shown lower liquidation activity, indicating stabilization.The post Bitcoin Eyes $115K Amid Bullish Momentum and Short Squeeze Risks appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

You may also like

Only 43% ROI on $1, why are 87% of Polymarket traders in the red?

Not due to bad luck, but based on gut feeling to determine position size, ignoring new information changes, and paying for "optimism bias" in every market order trade.

After L2 Fraud, Ethereum Turns to ‘Economic Zone’ Self-Help

The original vision of L2 and its role in Ethereum is no longer tenable. We need a new path forward.

AI has simultaneously created a shortage and surplus of memory

Huaqiangbei and the US retail market simultaneously experienced a steep decline in RAM prices

How Can the Average Person Win in the 2026 AI Boom?

Career, Income, and Entrepreneurship as Three Opportunity Pathways

When Wall Street Meets Crypto, Here's Your "Stock Market Beginner & Advanced Guide"

Crypto is entering a "Wisdom Time," where users, the media, smart money, and even CEX are all shifting their focus to one goal — the US stock market.

StandX Introduces SIP1 and SIP2: Holding Subsidy Mechanism Launched, Reshaping On-Chain Trading and Reward Structure

Against the backdrop of the continuous evolution in the decentralized derivatives trading landscape, StandX is strengthening its competitive edge through product innovation. Recently, StandX officially introduced two core upgrade proposals — SIP1 (Block Trade) and SIP2 (Position Yield), enhancing user experience and strategic efficiency from the perspectives of trade execution and fund yield. This also signifies a further deepening of StandX's product mechanics and revenue design, signaling a key milestone in the project's ongoing advancement.

Popular coins

Latest Crypto News

Read more