Bitcoin price continues to stabilize around $74,000 in recent days. According to the liquidation heat map published on CoinAnk and shared by CW on the X platform, there was a significant concentration in large volume leveraged positions around $72,000 and $76,000.
Leveraged positions highlight two main bands
In the shared chart, Bitcoin dropped rapidly from the $77,000 to $78,000 range in the past few days and then found balance near $74,000. During this period, the price continued to fluctuate between two critical liquidity zones and maintained a horizontal course without making a serious direction choice.
The brightest bands on the heat map are seen at $72,000 and $76,000. The liquidation of positions here indicates that these levels can cause significant volatility in case of sudden price movements.
According to the evaluation made by CW, it is stated that price movements may be decisive around $ 72,000 or $ 76,000 due to high leverage positions and rapid liquidations may occur at these levels.
In summary, for Bitcoin’s short-term direction, both the $72,000 level approaching the lower band and the upper $76,000 level continue to be watched carefully.
Mini dictionary: Liquidation heat map is a type of chart that visualizes the price levels at which over-leveraged positions are collected on futures exchanges and shows at what levels mass liquidations can occur when there is a price movement.
Bitcoin struggles to hold on to major support bands
On the weekly chart shared by Daan Crypto Trades on X, Bitcoin’s move around $73,426 is tracked right near the bull market support band.
This support band is located approximately between the $74,148 and $78,042 levels. In recent weeks, BTC failed to stay above this band and began trading just below $74,000 after testing the band once again and moving downwards.
The chart also shows that Bitcoin’s weekly 200-day exponential moving average (EMA) is at $68,917 and the weekly 200-day simple moving average (MA) is at $61,624, which are shown as the main support points. These levels currently stand out as important supports below the price.
In the near term, analysts point out that the Bitcoin price may fluctuate in a range between $60,000 and $80,000. The fact that major moving averages follow the price closely stands out as critical for short and medium-term price dynamics.
Mini dictionary: 200EMA and 200MA are two different moving averages that show the long-term trend of price movements. EMA gives more weight to recent prices, while MA values all prices equally. Both are frequently used in technical analysis to determine the direction of the trend.
| Indicators | Seyye | Explanation |
|---|---|---|
| Bull market support band | $74,148 – $78,042 | Main support range above which price tries to stay above |
| 200EMA (weekly) | $68,917 | Long-term dynamic support level |
| 200MA (weekly) | $61,624 | Less volatile, broad support point |
