{"id":11105,"date":"2025-09-18T12:57:06","date_gmt":"2025-09-18T12:57:06","guid":{"rendered":"https:\/\/bitunikey.com\/news\/will-btc-price-hit-a-new-ath-as-118k-liquidations-pile-up\/"},"modified":"2025-09-18T12:57:11","modified_gmt":"2025-09-18T12:57:11","slug":"will-btc-price-hit-a-new-ath-as-118k-liquidations-pile-up","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/will-btc-price-hit-a-new-ath-as-118k-liquidations-pile-up\/","title":{"rendered":"Will BTC price hit a new ATH as $118K liquidations pile up?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin\u2019s price is approaching a critical resistance level at $118,000, which aligns with the point of control of the current trading range. A break above this level could trigger a cascade of short liquidations, potentially propelling the price to new all-time highs.<\/p>\n<div id=\"cn-block-summary-block_d60c09acc8f2a4c1e257bc00741c8520\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li><strong>$118K Resistance:<\/strong>\u00a0Key point of control from current trading range.<\/li>\n<li><strong>Short Squeeze Risk:<\/strong>\u00a0Liquidations clustered between $118K\u2013$119K.<\/li>\n<li><strong>Bullish Setup:<\/strong>\u00a0Breakout could accelerate price into new all-time highs.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Bitcoin\u2019s (BTC) action remains firmly bullish, with recent momentum driven by a bounce from the 0.618 Fibonacci retracement. This move reclaimed the value area low and set the price on a path toward the $118,000 resistance zone.<\/p>\n<p>The Federal Reserve delivered its first rate cut of the year, igniting fresh optimism in risk assets and further supporting Bitcoin\u2019s upside. With increasing derivative positioning at this level, a reclaim could spark significant volatility and initiate a short-squeeze scenario.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Bitcoin price key technical points<\/strong><\/h2>\n<ul class=\"wp-block-list\">\n<li><strong>$118,000 Resistance:<\/strong>\u00a0Point of control of the current trading range since $100,000 was tested.<\/li>\n<li><strong>Fibonacci Support:<\/strong>\u00a0Bounce initiated from the 0.618 retracement, confirming bullish structure.<\/li>\n<li><strong>Liquidation Cluster:<\/strong>\u00a0Short liquidations stacked between $118,000 and $119,000 increase probability of a cascade.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">BTCUSD (1D) Chart, Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\" target=\"_blank\" rel=\"nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>The recent rebound from the 0.618 Fibonacci level has highlighted Bitcoin\u2019s underlying strength. This retracement aligned with the reclaimed value area low, forming a technical foundation for continuation higher. Price is now testing the point of control at $118,000, a level that has concentrated volume and trading interest.<\/p>\n<p>From a structural perspective, reclaiming the POC is crucial for continuation. If bulls succeed in closing above this level, Bitcoin would re-enter an area loaded with short positions, which could provide the fuel for acceleration.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"3237\" height=\"2333\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/09\/1758200226_63_Will-BTC-price-hit-a-new-ATH-as-118K-liquidations.png\" alt=\"Will BTC price hit a new ATH as $118K liquidations pile up? - 2\" class=\"wp-image-14416857\"><figcaption class=\"wp-element-caption\">BTC Liquidation Heatmap, Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/pro\/futures\/LiquidationHeatMap?coin=BTC&amp;type=symbol\" target=\"_blank\" rel=\"nofollow\">Coinglass<\/a><\/figcaption><\/figure>\n<p>The derivatives markets add another layer of importance to the $118,000 level. Liquidation heatmaps show a dense cluster of short liquidations beginning at $118,000 and extending toward $119,000. As more positions accumulate, the probability of a cascade increases if resistance is breached.<\/p>\n<p>A short squeeze in this zone could propel Bitcoin above the current trading range, potentially into new all-time-high territory. Such liquidation-driven moves often accelerate rapidly, as forced covering adds momentum to existing bullish flows. Sell-pressure indicators also point to a possible vertical accumulation phase as price progresses higher.<\/p>\n<h2 class=\"wp-block-heading\"><strong>What to expect in the coming price action<\/strong><\/h2>\n<p>Bitcoin is primed for a decisive move as it approaches $118,000. Holding below this level may prolong consolidation, but a confirmed breakout and close above would likely trigger a liquidation cascade, accelerating the price into uncharted highs.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s price is approaching a critical resistance level at $118,000, which aligns with the point of control of the current trading range. A break above this level could trigger a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7492,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11105"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11105\/revisions"}],"predecessor-version":[{"id":11106,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11105\/revisions\/11106"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/7492"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}