Analyst Forecasts Bitcoin 'Macro Bottom' Around $50K in Q3 Amid Liquidity Sweep Expectations
A trader forecasts that Bitcoin investors could be caught in "complete disbelief" when the market turns around following a liquidity sweep without experiencing another significant downward move.
Bitcoin (BTC) may establish its latest "macro bottom" before the end of September, as market movements continue to catch traders off guard.
Key points:
- Bitcoin could "front run" liquidity on exchange order books to establish a bear-market bottom in the $50,000 to $60,000 range.
- An analyst anticipates "complete disbelief" should prices reverse following just a partial liquidity sweep.
- Binance traders have resumed "aggressive" short positioning on lower time frames.
BTC price bottom may trigger "complete disbelief"
Fresh analysis from pseudonymous analyst Killa published on Friday centers on a liquidity sweep below $60,000 in the upcoming quarter.
Order-book liquidity on cryptocurrency exchanges plays a crucial role in short-term price movements, as high-volume market participants manipulate the market to eliminate nearby positions, triggering volatility.
Killa, on the other hand, is examining the broader long-term scenario — many anticipate BTC/USD could fall to approximately $50,000 to capture liquidity before rebounding, according to available data.
"At some point, $BTC is going to front run major HTF liquidity," he communicated to followers in a post on X.
"Just like the market front ran the 140K liquidity above, it can do the exact same thing on the downside, leaving many in complete disbelief."
A supplementary chart sourced from CoinGlass identifies the primary zone of interest spanning $50,000 to $60,000. Should this level be swept, Killa contends, it would establish the groundwork for the conclusion of the bear market.
"I'm not saying we won't sweep below 60K, but it's something worth considering. Markets have a habit of front running the levels everyone is focused on," they added.
"Because if this particular liquidity below 60K gets grabbed, there's a very good chance the next major pool that forms between July and September never gets filled, marking the macro bottom."
Binance BTC shorts turn "aggressive"
As previously covered by Cointelegraph, other market observers have raised doubts about the durability of current support levels near the $60,000 threshold.
Market traders are preparing for a sudden downward movement, with Daan Crypto Trades cautioning that conditions could "get ugly" should nearby trend lines fail to maintain.
"Bulls need to hold that $61K-$62K region otherwise things get ugly real quick I think. But for now, still at support," he outlined on X.
On Thursday, market analyst Exitpump identified "aggressive" short positioning activity by market participants on Binance, indicating that the near-term price outlook "looks bearish" based on this development.
