The post Bitcoin $102K Short Squeeze? 5 Things You Need to Know appeared on BitcoinEthereumNews.com.

Bitcoin is stuck below $100,000, and traders wait for a breakout while short squeeze speculation grows. The Federal Reserve’s stance on interest rates and on-chain data indicate a possible bearish phase. Bitcoin remains locked in a tight trading range as market participants seek a catalyst for a breakout. Despite strong investor confidence, price movement has stagnated, leaving traders uncertain about the next trend direction. Meanwhile, concerns over macroeconomic factors and exchange flows add to the cautious sentiment. As reported by CNF, Bitcoin continues to trade within a narrow price corridor, failing to establish $100,000 as a firm support level. Since reaching all-time highs in mid-January, BTC/USD has struggled to gain momentum, with traders closely watching key support and resistance levels. Market sentiment suggests that if Bitcoin revisits its range lows around $91,000, further downside toward $88,000 could follow. Analysts highlight the risk of stop-loss liquidations triggering a deeper correction. However, some traders remain optimistic, pointing to upside liquidity targets near $99,200 and a potential move toward $102,500. Source Liquidation data indicates that short positions could be squeezed in the near term, leading to a sudden price surge. With liquidity clustered above the current range, many traders anticipate Bitcoin could soon test higher levels. Some projections suggest a possible wick to $105,000, while others warn of a final flush into the $80,000 range before resuming an upward trend. Source Macroeconomic Factors Weigh on Market Sentiment Bitcoin’s price action is unfolding against a backdrop of cautious macroeconomic conditions. The upcoming release of the Federal Reserve’s January meeting minutes could reinforce expectations of a hawkish stance, further delaying anticipated interest rate cuts. Current market projections indicate a mere 2.5% probability of a rate cut in March. Inflation has remained persistent, forcing investors to reassess risk exposure. Additionally, rising jobless claims are adding to…

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Filed under: News - @ February 18, 2025 2:27 am