key takeaways:
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Bitcoin traders now focused their attention after grabbing Friday’s liquidity of $ 115,000.
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Fundstrate’s Tom Lee predicted that Bitcoin could hit $ 250,000 by the end of the year.
Bitcoin (BTC) remembered fast after the sweeping range on Friday and is trying to continue its exclusion over the weekends, showing that the bulls are still unlike the market.
Bitcoin traders high after grabbing $ 115k liquidity
The data of Cointelegraph Markets Pro and TradingView showed more than 2% daily benefits as BTC/USD, as it reached $ 118,300 on Bitstamp.
Now on Friday, $ 3,700 vs. Weekly climb, Bitcoin impressed traders, who started preparing for a new attack on all-time high.
Connected: Satoshi-era bitcoin investor cash 80,000 BTC for $ 9B via Galaxy Digital
“Bitcoin closed over the bullish major levels and filled the CME gap at $ 115K at $ 115K,” said popular crypto analyst Ash Crypto in an X post on Saturday.
As the coinalgraph reported, the DRP of bitcoin was acquired by large -scale liquidation of overlaward posits up to $ 115,000, but it provides an inauguration to investors to add exposure.
“The institutions bought a dip,” Ash Crypto wrote, adding:
“The bulls are under control.”
Earlier, cointelegraph reported on expectations that the price action would move both up and down to take liquidity, with $ 114,000 and $ 118,500 as the major level in the game.
The latest data from Monitoring Resource co -ordination now shows levity with the latest steps above $ 118,000, while the next major cluster sits on $ 120,500.
“Liquidity is not a lie. Price where stops are pulled,” popular merchant Marileigen
“$ 120K zone is not just gliding, it is calling.
If the $ 120,000 level is broken, it may bounce an liquidation squeeze, forcing small vendors to close the situation and run prices towards $ 124,000, which is a height-liquidity cluster.
Bitcoin in $ 250,000 “understands”, “says Tom Lee
Tom Lee, head of Fundstrate’s research, says Bitcoin can be up to $ 250,000 by the end of 2025, a forecast that he has repeated several times.
Completing a rented interview on CNBC, Lee was asked about the BTC price level, reaching the next months.
“I think the range of $ 200,000 to $ 250,000 for bitcoin still understands,” Lee replied, “because it would only be its value at 25% of the gold market size.”
Lee argued that bitcoin can currently be outlined as “digital gold”, as it should be more than $ 1 million per BTC.
“Therefore I think Digital Gold means that bitcoin should be a bitcoin price per million.”
Lee is not the only calling for BTC price to increase a point of $ 200,000. These include Bitwaise Rescuce Andre Dragosh and Ayush Tripathi, who said that the BTC price couch reached between $ 200,000-$ 230,000 by the end of the year, citing the Trumpose tax cut and increasing US debt.
Crypto analyst Stockmoni lizard predicted that bitcoin could reach a peak of about $ 200,000
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.
