Bitcoin Price to Hit $73.7k Next Week

Krutika Adani

Bitcoin Forms Local Top at $69K

After reaching $69,000, Bitcoin's price cools to $66,300 as profit booking occurs.

96% of BTC Holders in Profit

Currently, over 96% of Bitcoin holders are in profit, with the majority being long-term investors, indicating solid market confidence.

Bitcoin Faces $1.6 Billion in Shorts at $69K

A resistance level has emerged with $1.6 billion in short positions around the $69,000 mark.

Potential Short Squeeze on the Horizon

If Bitcoin moves beyond $69,000, it could trigger a short squeeze, pushing the price beyond $73,700.

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