3 Technical Reasons There's Still Room to Run

The price of Bitcoin surged above $9,000, demonstrating a decent recovery in the last 24 hours.

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.

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.

Goldman is having a client call and one of the topics is BTC.Liquidation zone of 25x and 50x Bitcoin shorts is at $9,300.

Futures data such as liquidation ranges and funding rates can have a bigger effect on the price trend of BTC than before.

Goldman Sachs is having a client call on May 27 with Bitcoin, gold, and inflation as the main topic.

The Goldman Sachs client call is unlikely to lead to any short-term institutional buying spree.

Bitcoin overtakes $9,000 ahead of Goldman Sachs client call.

It has increased slightly to below 0.01%, but it is still historically low for Bitcoin.

The low funding rate, minor fear of missing out around the Goldman Sachs call and the liquidation zone of shorts at $9,300 may lead to a small upsurge of Bitcoin.