Trader is betting that Bitcoin will rebound next week

BlockBeats News, October 12th, according to Cointelegraph, the price of Bitcoin fluctuated around $112,000 at the weekly closing on Sunday, with traders expecting a rebound in the Bitcoin price.

Data from Cointelegraph Markets Pro and TradingView shows that after the $19 billion crypto liquidation event, volatility has decreased. Bitcoin failed to achieve a significant rebound, but market participants believe it may show stronger performance next week.

Trading information platform TheKingfisher pointed out that the market may experience liquidity grabs around $114,000, while traders hold significant short positions on BTC. The weekend is a good time for range liquidation in BTC.

Despite a $19 billion liquidation event in the crypto market, the uptrend in the Bitcoin bull market can still remain intact.