Bitcoin Faces Potential Short Squeeze Near $111K, Possible Rally Toward $117.5K
Published at：2025年07月03日 22:23
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Bitcoin is showing strong bullish potential as a cluster of short positions near $111,320 could trigger an aggressive short squeeze, potentially pushing BTC prices toward the $117,500 resistance level. This technical setup suggests increased volatility ahead as liquidations force short sellers to cover positions, potentially accelerating upward momentum. Market analysts suggest this liquidation zone acts as a critical inflection point that may determine Bitcoin's next major price movement. The cryptocurrency has maintained strong technical support despite recent market fluctuations, with the $111K level emerging as a key battleground between bulls and bears.
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