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Cryptocurrency News Articles
Bitcoin (BTC) Shows Strength Over the Weekend After a 2.45% Rally to the Upside
Mar 24, 2025 at 09:11 pm
This minor rally aligns with the US stock market's positive outlook and rising global liquidity, which promotes a risk-on behavior among investors.
Bitcoin (BTC) showed strength over the weekend after a 2.45% rally to the upside. This minor rally aligns with the US stock market’s positive outlook and rising global liquidity, which promotes a risk-on behavior among investors.
With the global liquidity index’s Z score flashing a buy signal, Bitcoin price could be set for explosive growth in the near future.
Bitcoin Price Today
Bitcoin price today is up 1.39%, continuing its weekend rally, slowly approaching the $90,000 psychological level. BTC saw a 4.24% gain last week, marking the second positive week after a brutal 15% sell-off in the first week of March.
Image: Bitcoin price chart
According to data provider Alpha Edge, the traditional Global Liquidity Index is not a great tool to track. However, the Z-score of this metric shows that every time the liquidity index has fallen to -3, it was a strong buy signal. On the other hand, a +3 reading of the Z score is a sell signal.
After the early March crash, the Global Liquidity Index flashed a buy signal, suggesting that an explosive uptrend is next for BTC price.
“The Divergence metric between Global Liquidity and Bitcoin has flashed a rare green buy signal. Historically, every green buy or red sell offered a good opportunity to add or sell.”
With abundant liquidity, risk-on behaviour is a must, as seen in late 2021 and 2023, which were followed by periods of exponential rally in BTC price.
Reduced Selling Pressure Points to Bullish Bitcoin Outlook
Adding credence to this outlook is the net Taker Volume indicator that has been reducing since late February 2025. A decline in this metric shows that the selling pressure is dwindling, which further hints at a potential bullish reversal in Bitcoin price trend.
Analyst Axel Adler Jr, who pointed out this outlook, says,
“In the absence of negative macroeconomic or market catalysts, the current week holds potential for moderate growth.”
In conclusion, the two positive weekly closes, coupled with increasing global liquidity and decreasing taker volume, hint at a bullish Bitcoin price prediction. Let’s explore key BTC levels to watch for when this scenario unfolds.
Key BTC Price Levels to Watch As $1.5B Positions At Risk Of Liquidation
Liquidation map data from CoinGlass shows that $87,813 is critical; a BTC price breakout above this could liquidate $640 million worth of short positions. On the contrary, a breakdown below $85,633 will liquidate $942 million in long positions.
In total, a spike in Bitcoin price below $85,633 followed by a continuation of the uptrend toward $90K could result in a liquidation event early this week that could exceed $1.5 billion.
Conclusion
The combination of the Global Liquidity Index's Z score flashing a buy signal, declining net Taker Volume, and positive weekly closes suggests that Bitcoin price is set for an explosive growth in the near future.
Frequently Asked Questions (FAQs)
1. What is the significance of the Global Liquidity Index's Z score flashing a buy signal for Bitcoin price?
The Z score of -3 for the Global Liquidity Index is a strong buy signal, which could lead to an explosive growth in Bitcoin price. This is because low global liquidity favors risk-off trades, while high global liquidity favors risk-on trades, and Bitcoin price is known to be more volatile than other assets.
2. What does the decline in the net Taker Volume indicator imply for Bitcoin price trend?
The net Taker Volume indicator has been decreasing since late February 2025, which indicates that the selling pressure is diminishing. This could be a sign that the downward trend in Bitcoin price is coming to an end, and a reversal to the upside is likely.
3. What are the key BTC price levels to watch based on the liquidation map?
According to the liquidation map, breaking above $87,813 will liquidate $640 million in short positions, while breaking below $85,633 will liquidate $942 million in long positions. Together, these levels could influence price action in the short term.
The post Bitcoin Price Soars As Global Liquidity Index Flashes Buy Signal appeared first on Benzinga.com.
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