key points:
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Bitcoin tags see traders punish BTC shorts as the new August height.
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An early retracement can turn well into a journey of $ 120,000, saying prophets.
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A CME gap on $ 116,500 is of interest in the form of a loss of the next local low.
Bitcoin (BTC) was on Sunday’s “decisive” weekly near $ 119,000 as traders expected a strong week.
Bitcoin Traders Brace for Great Short Sques
Cointelegraph Markets Pro and TradingView’s data reached BTC/USD to $ 118,760 on Bitstamp, marking the new August height.
“Out-of-the-hour” weekend trading saw the liquidation, with a 24-hour crypto total $ 350 million, the resource was a data per data from the monitoring of the coollas.
Commenting on the structure of the market, Crypto predicted future progress in the new week.
Popular merchant and analyst Racket Capital wrote about the week in its latest X post, “BTC is returning in support of a renovated ~ $ 117200,” popular trader and analyst Racket Capital wrote about the week in its latest X post.
“Bitcoin is a decisive weekly man.”
Popular trader Bitbul said at which week Maurus could usually reopen the tradefall markets, followed by new all-time heights.
“Only 10% upward step will cause $ 18b+ in low liquidity and big money is probably looking at it,” he suggests about the state of liquidity.
“My Gris is that on Monday, there may be a slight recession with BTC withdrawing your weekend pump.
Charts simultaneously compared to BTC/USD in previous bull markets to support the breakout thesis.
Fellow trader Marilezon agreed to the target of $ 120,000 based on potential small squeeze.
$ BTCNext step: $ 120,000
The biggest liquidity pool in weeks is sitting on us.
If you are small here … God helps you.
Short squeeze loading. pic.twitter.com/vxmexkh3jj
– Merilejan The Trader (@Merlijntrader) August 10, 2025
BTC price at $ 116,500 on radar CME gap
Where the next BTC value can damp the reverse, meanwhile, Crypto Investor and Entrepreneur Ted Pillow said the price action would be seen with “interval” in the CME group of the bitcoin futures market.
Connected: Bitcoin Energy Value Metric says ‘appropriate’ BTC value
“A CME gap organization is $ 116.5k, which will be most liked,”
“This week, BTC dropped $ 2K to fill last week’s CME gap.
Trader Dan Crypto Trades still described the weekend tricks as “tempering” instead of trending.
He said, “Most attention is on $ eth, which breaks high levels of its cycle and make all kinds of motors,” he argued, referring to the largest Altcoin Etor (Eth), referring to the largest Altcoin Etor (Eth), which hits the multiner high.
“It will be assumed that the BTC takes the spotlight again when he breaks $ 120k+ and again gets himself closer to himself.”
There are no investment advice or recommendations in this article. Every investment and trading film includes risk, and readers should do their research while taking decisions.
