Bitcoin’s price action shows a clearly bullish trend, with recent momentum driven by a bounce at the 0.618 Fibonacci retracement level. This movement has reclaimed the bottom of the value zone and pushed the price toward the resistance area at $118,000<\/strong>.<\/p>\n\n\n\n On lower timeframes, BTC is forming a double bottom pattern with visible accumulation around $116,600<\/strong>. If BTC maintains this price level, it could target $118,500<\/strong> in the coming hours.<\/p>\n\n\n\n Additionally, investor optimism has been bolstered by the Federal Reserve’s decision to implement its first rate cut of the year, reigniting appetite for risk assets, including Bitcoin.<\/p>\n\n\n\n With an accumulation of derivative positions at this level, breaking through the $118,000<\/strong> threshold could trigger significant volatility and initiate an upward squeeze scenario. Liquidation maps show a significant cluster of short positions between $118,000 and $119,000<\/strong>, increasing the probability of a “short squeeze.”<\/p>\n\n\n\n![\"Bitcoin](\"https:\/\/preprod.investx.fr\/en\/wp-content\/uploads\/sites\/5\/2025\/09\/image-114.jpeg\")
<\/figure>\n\n\n\nHigh Risk of Upward Liquidations<\/h2>\n\n\n\n