Crypto Market Forecast: $644M Liquidation Shakeout Resets Bitcoin and Ethereum for Next Rally
This area represents the largest concentration of leveraged positions and remains a magnet for price action.
With Bitcoin currently rebounding from the $121,000-$122,000 range, the market appears poised for a short-term push toward $126,000, likely to clear out short positions that have built up there.
If Bitcoin breaks and holds above $126,500, the move could extend toward $128,500-$130,000, confirming renewed bullish momentum. However, a rejection at that level may trigger a $122,000 retest or even $118,000-$119,000 if selling pressure intensifies.
Where Ethereum Might Go Next
Ethereum’s chart shows two key zones traders are watching: one above $4,800 and one below $4,300….
