There is no end to speculation about which direction the price of Bitcoin will go at present. Because the current situation is somewhat stable. Although the price of Bitcoin is above $95,000 from $93,000 yesterday. But this position is very risky for investment or something good can happen. Because from the current position where the price of Bitcoin is, there is a possibility of movement in both directions. If nothing bad happens in the market or no bad news comes, the price of Bitcoin can go up. Of course, there are reasons to go up. Even from this position, the price of Bitcoin can go down if there is any bad news in the market. So, from the current state of Bitcoin, two types of stories can happen in the market.
[source](https://pixabay.com/photos/bitcoin-cryptocurrency-crypto-6992422/)
Currently, the price of Bitcoin is above $93,600. Although it remains to be seen how long Bitcoin can maintain its position in this situation. Because the thing that will play the most role here is Bitcoin dominance. Because we all know at least at present that despite no bad news in the market, the prices of altcoins are at the bottom only due to Bitcoin dominance. Although in the last few days, suddenly some coins are doing well. If Bitcoin dominance starts dropping, then Bitcoin price will enter the $100K range and altcoins can pump up to 20–30% instantly.
But there is no reason to be happy. Because the market does not follow our words. The market moves in the opposite direction to what we think. So understanding the market sentiment is very important. If you want to take any trade at the moment, then you must have a good idea about the market sentiment. If Bitcoin does not drop dominance, but rather if the dominance starts pumping in the opposite direction and any negative news comes in the market, then the price of Bitcoin can drop below $90K again. So we must be aware of this situation. But I think we should refrain from trading a little at the moment and keep an eye on the market. If you try to understand the market movement without opening a trade for now and then set up the trade accordingly, then hopefully you will get good profits.
The direction of Bitcoin's price movement depends on some other factors. Among them, the most important thing is liquidity. If we look at the charts of the BTC 48H time frame, we can see that if the price of Bitcoin goes up, then a huge amount of liquidity. If the price of Bitcoin rises to 95,800, then 54M liquidity will end. If the price of Bitcoin falls from there to 93,100, then 48M liquidity will end. Although the price of Bitcoin is currently around $ 93,600. Although the price of Bitcoin dropped a while ago and came close to $ 93,200. So this is very important. It may also be that the price of Bitcoin drops below $ 93,100 and moves upwards again. And it may go up to $ 95,800. So this position is very important and you should be very aware at this time.
