Recently, the cryptocurrency giant, Bitcoin, continues to please its investors with the upward momentum it has caught. As we start the new week, there is important data that could affect the BTC price.
According to the daily liquidation heat map in Bitcoin trading, it appears that there will be a serious liquidation clustering at the 51,450 to 51,600 fiat levels. On the other hand, there is a notable liquidation gathering also at the 50,450 price point.
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When addressing this situation, it is necessary to underline the decisive importance of the direction in which the fiat moves for investors. The liquidations accumulating heavily in the 51,450 to 51,600 price range or the liquidation accumulations at the 50,450 level can give an idea about the direction of the market.
Both situations provide hints when evaluated in terms of investors and trading strategies. However, it should not be forgotten that such predictions certainly involve risk, and all investors need to make their risk assessments. Therefore, the guidance of the liquidation heat map should be supported with extensive research.
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