The analyst highlighted the importance of liquidity and price action in the days ahead, noting that liquidations are primarily concentrated in the upside range between $90,000 and $91,500\u2014psychological levels for many traders.<\/p>\n
With Bitcoin gaining 7% on the weekly time frame, potential for a move to tackle these liquidity zones might be expected, further recovering from the cryptocurrency\u2019s crash toward $74,000 experienced last week.\u00a0<\/p>\n
CrypNuevo also mentioned that the current liquidation delta is relatively balanced, with approximately $15 billion in long positions at maximum liquidity. He suggested that a threshold of over $25 billion in liquidations would warrant closer attention.\u00a0<\/p>\n
The analyst\u2019s ideal scenario for the coming week involves price compression between the daily and weekly 50-day exponential moving averages (EMA), as of now placed at approximately $86,000, which could lead to a significant expansion in price.\u00a0<\/p>\n
Rising Wedge Formation<\/h2>\n
Analysts often look for patterns in market behavior, and CrypNuevo speculated that a third retest could occur, following the market’s tendency to move in threes.\u00a0<\/p>\n
The analyst alleges that this would further compress prices, potentially leading to a more aggressive breakout later on. He identified a key mid-range support line at $81,000, suggesting that while this scenario may be slightly less likely, it remains a possibility.<\/p>\n
![\"Bitcoin\"](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/04\/GocCoRfXIAE56qm-1.jpg?w=860&resize=860%2C488\")
<\/p>\n
Another prominent analyst, Ali Martinez, echoed these sentiments on social media, identifying <\/a>the critical support level for Bitcoin at $82,024, where approximately 96,580 BTC were previously accumulated.\u00a0<\/p>\n This zone could be of key support for the cryptocurrency in case of CrypNuevo\u2019s scenario of further retests taking place in the coming days for BTC\u2019s price.<\/p>\n