Blog

Bitcoin is close to $ 120,000 with a new all-time high


Basic Points:

  • Bitcoin tags are fresh record highs on the weekly closely as the punishments are punished by shorts.

  • BTC’s areas of interest include a support test of $ 115,000.

  • BTC/USD is expected to build a seven -week “Discovery Uptrend.”

Bitcoin (Btc) Press new all-time highs on Sunday as BTC price volatility returns weekly nearby.

BTC/USD 1-Hour chart. Source: Cointelegraph/TradingView

BTC Price Price in New Record near $ 19,500

Data from Cointelegraph Markets Pro and Tradingview BTC/USD showed up to $ 119,444 on Bitstamp.

The pair had been the previous record peak from two days before it crossed the $ 119,000 mark at the first time, which was liquid shorts as it went.

The latest data from the resource tracking Coinglass Put short BTC liquids over $ 20 million in a single time.

Binance BTC/USD Liquidation Heatmap. Source: Coinglass

“Going to get interesting next week. We have a lot of biggest liquidity clusters above and below the current price. We just got a good bunch in the region of $ 119k+,” the famous businessman Daan Crypto Trades is reacting to A Post on x.

Road Crypto exchanged two major zones related to extermination to watch the next: $ 115,500-116,500 and the area over $ 120,000.

“The $ BTC has a major level of resistance between $ 119K- $ 120k. But after that, there are many upside down,” businessman and investor Niels, Cofounder of the Web3 accelerator and incubator TED Labs, continued.

“If $ BTC manages to break above $ 120k, the path to $ 135k- $ 140k will open. In the event of refusing, the BTC can retest $ 114K- $ 115k before a reflection.”

Room for 50% acquired?

Others have been out, with the Bitbull businessman who remained stable in the immediate perspective for BTC price action.

Related: Bitcoin $ 120k expectations add fuel to ETH, Hype, Uni and Sei

“There’s no reason to be bearish at $ BTC here. The strongest weekly breakout since November 2024, led to a 50% bomb in the last time,” he said X followers.

Bitbull has filed a lot of bullish catalysts that affect bitcoin, including Record institutional flowingThe coming To us “crypto week” and rumors in the resignation of the Federal Reserve Chair Jerome Powell.

BTC/USDT 1-week chart. Source: Bitbull/x

“Week 1 In the Bitcoin Uptrend 2 Discovery Price Discovery. added.

“The first price discovery lasted for 7 weeks.”

BTC/USD 1-week chart. Source: Rek Capital/X.

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.