- Bitcoin targets high-liquidity short zones, driving intense bullish pressure.
- SMA Multiplier model and indicators align with the projected $250K target.
Bitcoin continues its upward momentum, now holding firmly above the $110,000 mark. The price is approaching regions with concentrated short positions, aligning with bullish continuation signals.
At the time of writing, Bitcoin is trading at $111,260, up 1.95% in the past 24 hours.
Heatmap Shows Targeting of High-Density Short Zones
According to data from Alphractal, Bitcoin is advancing toward areas of high short liquidity, having already breached the $110,000 level.
The 6-month aggregated liquidation heatmap shows BTC tracking clusters with densely packed short positions. These zones historically mark regions of potential liquidation-driven moves.
Alphractal’s model combines data from multiple exchanges, incorporating open interest, long/short ratios, and spot-premium gaps. This approach helps identify zones where price action will likely target leveraged positions.
The model shows increased short pressure above $110,000 and long liquidation clusters below $95,000. This pattern is consistent with past market behavior, where BTC moved toward liquidity-rich areas during squeezes.
In previous cycles, bulls were flushed out during drawdowns; now, short-sellers appear to be in similar danger. The data imply a current market bias toward short liquidation, sustaining upward price pressure.
SMA Multiplier Model Points to $250K Target
Data from CryptoQuant reveals that Bitcoin is still on track with its long-term trajectory based on the SMA Multiplier model. This model uses the 4-year simple moving average and historical multipliers to project future price resistance zones.
Bitcoin has entered the orange-to-red sentiment bands, zones typically seen before rapid price expansion.
Past cycles in 2017 and 2021 followed this same path, validating the model’s relevance. If this trend holds, the projection indicates a potential move toward $250,000 by the end of the current cycle.
The model’s chart sections, color-coded to show sentiment shifts, currently suggest Bitcoin is transitioning into the final bullish phases.
CoinCryptoNewz previously reported that Arthur Hayes, co-founder of BitMEX, predicted this scenario. Hayes stated that Bitcoin could rise to $150,000–$200,000 by summer or early Q3 2025.
He added that this move would likely trigger a rotation into altcoins, eventually pushing BTC toward $250,000 as liquidity grows.
Bullish Momentum Confirmed by Technical Indicators
Bitcoin traded at $110,616 on WhiteBIT, gaining 0.90% in the last 24 hours. It hit an intraday high of $111,857, firmly breaking above its average price of $110,330. Bollinger Bands show that BTC rides the upper band, signaling strong bullish momentum.
Technical indicators confirm the strength of this move. The MACD remains positive, with the MACD line at 4,142 and the signal line at 3,863. The histogram also favors buyers, and candle patterns suggest continued upward action.
RSI stands at 76.84, indicating overbought conditions but not showing any imminent reversal signals.
BTC’s consistent breakout from consolidation phases supports continued gains. The next resistance level is $115,000, while support holds nearly $104,000. Traders are closely watching whether momentum can sustain a move toward the $120K zone and beyond.
