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Bitcoin’s Next Move: ‘More Likely’ To Hit Up To 75K On Short Liquidations, Analyst Says

Prominent cryptocurrency analyst Willy Woo suggests a potential Bitcoin (CRYPTO: BTC) could take the apex crypto to between $71,000 and $75,000 due to short liquidations. What Happened: According to Woo, Bitcoin is currently teetering on a critical support level at $58,900. A drop below this threshold could signal the beginning of a bear market. However, Woo remains optimistic, citing the Cumulative Volume Delta (CVD) — a metric that tracks net buying and selling pressures — which indicates that sell-off pressures have peaked and an upward trend may be next. “CVD sell-off has peaked, so a phas…

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