BTC price targets fix on $35K as Bitcoin eyes ‘massive’ liquidity squeeze
![BTC price targets fix on $35K as Bitcoin eyes ‘massive’ liquidity squeeze](https://stocknewsbd.s3.ap-southeast-1.amazonaws.com/6490/LYNXMPEDBA0XK_L.jpg)
Bitcoin stayed on course for its highest weekly close in ten months on April 2 as $28,000 held.Data from Cointelegraph Markets Pro and TradingView showed BTC/USD stable over the weekend after closing out March at near $28,500.A key point of resistance from earlier in its current halving cycle, the current trading zone represents a major hurdle for bulls to overcome. Should they manage it, price targets extend beyond the $30,000 mark.Bitcoin has been consolidating below the biggest resistance/support of the last 2+ years,” analyst Matthew Hyland summarized in his latest tweet on BTC.Popular Twitter account Byzantine General predicted that a breakthrough of resistance immediately above the spot price would result in a sea of liquidations, leading to further upward momentum.On shorter timeframes, however, traders were content to wait for the weekly close to cement prior gains.“Ranging this weekend it seems on the corn, and for continuation the bulls want to reclaim the range high at $28,750. Until the we chill,” Crypto Tony tweeted on the dayOthers were more pessimistic, among them trading resource Stockmoney Lizards, which described a correction as “very likely” before BTC/USD hits $30,000.