Well within a 24 hour span bitcoin has been able to climb $20k trading value, with the current trading rally it was revealed that over $806.39 million worth on long and short term trading positions were liquidated. This data was made known by coin glass which is a crypto trading analytics platform, the crypto analyst capo says that the recent rally experienced is a trap a massive bull trap. 

“The fact that this retracement is happening before taking the last high is a good sign. In my opinion, we will see the last push up to $21,000 this week. Time pivots are October 27th and November 2nd (interest rates). Potential bottom about mid-November.”

![3E7F5DC0341A433A80FF3BB8744079DF.jpeg](https://i.imgur.com/k4NGAm8.jpg)
[source](https://freebitco.in/site/blogs/bitcoin/bitcoin-miner-agro-blockchain-revenue-increase-23-percent/)

Well for bitcoin to make this movement it has to eliminate it’s resistance level as stated by a crypto analyst Smart [Contracter](https://dailyhodl.com/2022/10/26/bitcoin-rally-above-20000-triggers-over-800000000-in-liquidations-analysts-outline-whats-next-for-btc/); 

“And we’re back above $20,000. Lovely to see us out of that smaller range but unfortunately we are still in a much larger range.

Need to clear $20,500 now which will probably also be a challenge.”

If you see this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;
>LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Over here we refer to users as lions, so are you ready to be a lion here is my referral [link](https://peakd.com/register?ref=hironakamura)

Also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.

Let’s also connect on some of the web2 platform.
[Twitter](https://twitter.com):Hironakamura 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@hironakamura/bitcoin-what-s-next-with-rally-above-usd20k-slightly)