Bitcoin made a solid start to the week, sprinting toward the overhead resistance zone of $109,588 to $111,980. The move higher may have been triggered due to the optimistic expectations from the US-China trade talks in London. Trader Cas Abbe said in a post on X that Bitcoin is likely to witness a big move, possibly above $109,000 to $110,000. Abbe noted that $15.11 billion in shorts would be liquidated if Bitcoin soars 10% from the current levels. On the other hand, a 10% down move risks liquidation of $9.58 billion in long positions. Although most analysts believe Bitcoin’s long-term trajectory is up, some ... (full story)