A company that is changing the way the world mines bitcoin

BitcoinSistemi 2025-01-05 10:47:05

Analytics Firm Shares Critical Levels for Bitcoin, Ethereum and Solana – Here’s What to Watch

Cryptocurrency analytics firm MarktQuant has shared its latest outlook on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), focusing on liquidation heatmaps that show key price levels for potential market moves. According to MarktQuant, Bitcoin is showing significant long liquidation concentration around the $90,000 level, identifying this level as a critical downside target. However, most of the short liquidations have been cleared to $99,000. While a near-term reversal seems likely, analysts noted that there is still a possibility that Bitcoin could test the $101,000 short liquidation cluster before a significant downside move occurs. “In this scenario, caution and patience are advised,” the statement emphasized. Related News: Giant Bull Michael Saylor Reveals What Will Happen to His Bitcoins After His Death According to MarktQuant, Ethereum’s liquidation patterns suggest that short liquidations at current levels are insufficient to sustain upward momentum. Meanwhile, long liquidations are increasingly clustering around the $3,300 level, marking that level as a possible pullback target. “This growing cluster suggests that a pullback to $3,300 is a realistic possibility in the near-term,” the analysis concluded. For Solana, the $185 price level stands out due to a significant long liquidation cluster. MarktQuant notes that liquidation volume at this level exceeds all other price zones, making it a key downside target in case the market weakens. *This is not investment advice. Continue Reading: Analytics Firm Shares Critical Levels for Bitcoin, Ethereum and Solana – Here’s What to Watch