Grok’s Bitcoin Price Prediction Amidst $180M Short Liquidations: What to Expect Next?

Quick Facts: 1⃣ Over $180M in short positions were liquidated as Bitcoin’s breakout above $112K-$115K triggered a powerful short squeeze. 2⃣ Grok’s Bitcoin price prediction points to a long-term target of around $500K if the token closes strongly above $125K. 3⃣ Bitcoin Hyper ($HYPER) emerges as the best altcoin to buy now, as investors look for high-upside plays to ride Bitcoin’s ￰1￱ is up nearly 4% in the last two days, having broken out of a very neat descending triangle pattern on the lower time ￰2￱ said, Bitcoin’s push above the $112K level – and now the $115K level – is more than just a strong technical ￰3￱ fact, it has resulted in a whopping $180M worth of short positions being liquidated in just the last 24 hours alone.

This, according to crypto analysts such as @X_Four_iv (who has more than 25K followers on X), is triggering a short squeeze. A short squeeze, in crypto context, is exactly what it sounds like, i. e., a sharp breakout above a major resistance zone (in this case, $112K and $115K) that triggers the stop losses of short ￰4￱ those short positions are liquidated, the forced buy orders that execute their stop losses further push the price ￰5￱ creates a domino chain of liquidations and buy orders that send prices soaring with little to no consolidation in ￰6￱ to Grok, we can arrive at Bitcoin’s next potential target by using the width of the descending triangle pattern and mapping it onto the breakout ￰7￱ gives us a target of around $125K, which would put Bitcoin just shy of its current all-time highs.

Long-Term Bitcoin Price Prediction by Grok Points to $500K Next, for a long-term price prediction, Grok switched to the weekly time frame, where the AI noticed that Bitcoin is currently on the cusp of a generational ￰8￱ you can see, $BTC has been rising along the lower support line of a major rising wedge ￰9￱ trend line has supported Bitcoin ever since November 2022, and its latest rally, too, is coming from this dynamic support ￰10￱ course, the $125K level, which aligns with Bitcoin’s ATH and the upper resistance line of this pattern, becomes a key resistance to ￰11￱ if Bitcoin breaks above this zone, we could see another short squeeze, similar to the current one – only on a much larger ￰12￱ to this trading pattern, Bitcoin’s next long-term target could extend to around $500K.

And it’s not just the charts pointing that ￰13￱ you look at what’s happening under the hood, investment behavior tells the same ￰14￱ previous Bitcoin cycles, whales sold near the top while retail investors drove the ￰15￱ time, however, retail is selling hard, while large wallets (or smart money) are rapidly accumulating , suggesting growing long-term institutional confidence in Bitcoin’s future. However, it’s worth remembering that it’s highly unlikely Bitcoin gets there in the next 1-2 years, let alone in the next few months. A strong reason for this is that the consolidation pattern in this case has been forming since 2021, and classic technical analysis suggests that the duration of the consolidation is roughly the time it takes for the token to realize its target for the pattern.

Here’s the kicker : Contrary to what many investors believe, you don’t have to buy Bitcoin at $10 and hold it for 10 years to make life-changing ￰16￱ fact, a well-timed low-cap investment that rides Bitcoin’s next major rally could deliver those kinds of ￰17￱ you want to position yourself for one such move ahead of the upcoming Bitcoin rally, consider loading up on the best Bitcoin-themed altcoin right now, Bitcoin Hyper ($HYPER) . What Is Bitcoin Hyper? Bitcoin Hyper is a new cryptocurrency project that’s building the first-ever Layer-2 solution designed to truly address the issues of speed, scalability, and Web3 support on ￰18￱ the vast majority of Layer-2 networks that limit themselves to just the Ethereum Virtual Machine (EVM), $HYPER adopts a more pro-development approach and has chosen the Solana Virtual Machine (SVM) .

Unlike the EVM, the SVM is capable of executing thousands of transactions in parallel – with the only caveat being that these transactions must not be related to each ￰19￱ better, this Solana-like lightning-fast performance does not come at the cost of security. That’s because $HYPER creates a summary of all its transactions and sends it to Bitcoin’s main chain, thereby preserving the network’s native ￰20￱ in all, you can think of Bitcoin Hyper as a fast side lane attached to an old and slow highway – in this case, Bitcoin – bringing it up to modern speed standards and making it far more attractive to users. $HYPER Is Bringing Web3 to Bitcoin Hyper’s SVM integration will also allow developers to build smart contracts and decentralized applications (dApps) on Bitcoin, giving them the key to unlock Web3 and DeFi on the Bitcoin ￰21￱ a $HYPER holder, this means you’ll finally have access to high-speed DeFi trading apps, DAOs, governance systems, lending platforms, staking, swapping, NFTs, and gaming dApps – all without having to leave ￰22￱ to ensure seamless access to its Web3 environment, Bitcoin Hyper provides a well-oiled, non-custodial canonical ￰23￱ locks your Layer-1 Bitcoin and then mints an equivalent amount of wrapped tokens on Hyper’s Layer-2 ￰24￱ you’ve completed your use case within Hyper’s Web3 ecosystem, you can simply raise a withdrawal request through the bridge, and it’ll release your original Bitcoin back to your Layer-1 wallet ￰25￱ $HYPER Now – Top Crypto Presale Pushing $25M Given that Bitcoin Hyper ($HYPER) has the potential to increase Bitcoin’s real-world utility and make it much more than just an investment vehicle, it’s no surprise that it has become one of the best crypto presales of ￰26￱ have been pouring in tens of thousands of dollars every single day – a single transaction worth $16K took place just a few hours ago – into the Bitcoin Hyper presale, which has already raised nearly $25M.

According to our $HYPER price prediction , the token could reach a high of $0.20 by the end of ￰27￱ means that a $100 investment today could turn into $1,500 in just a few ￰28￱ grab every last drop of these mind-boggling gains, make sure you buy Bitcoin Hyper while it’s still in presale and available at one of its lowest-ever ￰29￱ now, one $HYPER token is available for just $0.013175, and here’s a simple step-by-step guide on how to buy Bitcoin ￰30￱ but not least, if you join now, you’ll get the opportunity to stake your tokens in exchange for some handsome passive income – currently yielding 47% ￰31￱ the Bitcoin Web3 revolution – grab your $HYPER tokens today!

Disclaimer : Kindly do your own research before ￰32￱ crypto market is unpredictable, and none of the above is financial ￰33￱ by Krishi Chowdhary, Bitcoinist – ￰0￱