Bitcoin (BTC) price rose to a high of $44,100 on Coinbase on Tuesday as bullish sentiment strengthened. The flagship cryptocurrency’s market cap also crossed above $850 billion. According to data from Coinglass, more than $100 million in Bitcoin liquidations occurred in the past 24 hours, with over $80 million in shorts.
Analysts believe a brief pullback is likely, though prices could rally to $47k-$48k. Ali, a crypto analyst, suggested that a pullback could begin within the next 7 to 48 hours, based on the daily and 3-day charts. If Bitcoin continues higher, it could target the $47k-$48k area, which is a key resistance zone.
