B.TOP Founder Sees Bitcoin Pivot at $75,000, Warns of Volatility
Mining pool founder Jiang Zhuoer predicts a critical liquidation sweep above $76,000 before Bitcoin determines its next major direction.
Bitcoin is entering a period of significant short-term price volatility that could trigger a major market shift. Jiang Zhuoer, the founder of the B.TOP mining pool, warns that the cryptocurrency must first clear a high liquidation zone above $76,000 before a definitive move occurs.
Zhuoer indicates that the market is currently poised for a critical pivot. He predicts that if Bitcoin maintains its position above the $75,000 support level, the asset could rally toward $80,000 and potentially test resistance levels between $83,000 and $84,000. Conversely, if the price falls below the $75,000 threshold, Zhuoer expects a deeper correction targeting the $70,000 to $72,000 range.
The Role of Liquidation Zones
Zhuoer's analysis centers on liquidation zones—price levels where a high concentration of leveraged positions are forced to close. By predicting a sweep above $76,000, he suggests the market may first flush out short sellers before establishing a sustainable trend. This technical approach is common among institutional-scale participants who monitor leverage to anticipate sudden price swings.
Beyond Bitcoin, Zhuoer has extended his volatility warnings to other major assets. He predicts that Ethereum will simultaneously test its own liquidation zone around the $2,665 mark, suggesting a broader period of instability across the cryptocurrency market.
Market Implications
As the founder of a major mining pool, Zhuoer's perspective reflects the sentiment of the infrastructure layer of the Bitcoin network. Mining pools operate at a scale that requires careful monitoring of market liquidity and leverage. His identification of $75,000 as a decisive pivot point suggests the current bull run is entering a fragile phase where a single break in support could shift the narrative from growth to correction.
What to Watch
Investors and traders are now focused on whether Bitcoin can successfully clear the $76,000 zone without losing the $75,000 floor. While the potential for a rally toward $84,000 remains, the risk of a drop to $70,000 highlights the precarious nature of the current price action. Market participants will be watching these specific levels closely to determine if the asset is preparing for a new all-time high or a significant retracement. This tension between the $75,000 support and the $76,000 liquidation ceiling creates a narrow window that will likely dictate the market's momentum for the coming weeks.