**Bitcoin Retakes $9K — 3 Technical Reasons There’s Still Room to Run**

The price of Bitcoin surges above $9,000 ahead of a Goldman Sachs client call about gold and BTC.
The price of Bitcoin (

) surged above $9,000, demonstrating a decent recovery in the last 24 hours. Market data shows a further upsurge to the $9,300 to $9,400 range is likely in the near-term.
Three key reasons increase the probability of a minor rally: liquidation of 25x to 50x shorts are at $9,300, whales using the Goldman Sachs narrative and low funding rates in the futures market.

Liquidation price of 25x to 50x shorts

According to a cryptocurrency trader known as “Crypto ISO,” the liquidation range of 25x to 50x shorts filed in the high-$8,000s is at around $9,300.
The $9,300 resistance level also has sufficient liquidity, which gives whales incentive to bring up the price of BTC above it. The trader said:
$9,298 is 25x liq, $9,336 is 50x liq. Around the throwback channel line and fib zone. Price ran most of the liqs down today. Maybe it shoots for topside liquidity before further distribution. Goldman is having a client call and one of the topics is BTC.

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