Moving bitcoin and gold in step as the BTC price jumps, looking at the $ 117,000 next
Basic Points:
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Bitcoin saw a fresh upbringing ahead of Wall Street opening with $ 117,000 visible.
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The liquidity below the thick prices, leading to concerns that the price can still “remove”.
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Gold repeats all the time high, with Bitcoin finally attempted to follow its trajectory.
Bitcoin (Btc) approached $ 117,000 on Wednesday as the Bulls continued to avoid a BTC price correction.
Bitcoin Bulls has been backing into liquidity problems
Data from Cointelegraph Markets Pro and Tradingview New local highs of $ 116,593 have been confirmed in Bitstamp.
After closing September to 5.2% and Q3 6.3% higher, BTC/USD attracts fresh predictions of all time highs next.
“The next major objection is around $ 117,500, and if the BTC gets that, it will rally towards a new ATH,” crypto and businessman Ted Pilows analysts write In part of his latest review of X.
The pillows mentioned the main areas of liquidity in the exchange orders books, indicating that they could easily force the price down as they were higher.
$ Btc There are 2 decent clusters of liquidity today.
One around $ 107,000- $ 108,000 level, with $ 8 billion in long prevention.
Others are around $ 118,000- $ 119,000 levels, with $ 7 billion in short extermination.
Which one do you think will happen first? pic.twitter.com/8dbuyqmouj
– TED (@TEDPILLOWS) October 1, 2025
The day before, the liquidity on the downside brought the source of trading ThekingFisher Warning of an upcoming market correction.
“Massively long liquid building below the current price. It’s fuel. The price is often pulled into these zones. Most retail is about to flush,” this said X followers.
As cointelegraph continues to report, order-booking liquidity often results in “fakes” in any direction for Bitcoin, as large-scale businessmen take advantage of other market participants.
Data from Coinglass indicates that 24 -hour Crypto Short Liquidations cost $ 400 million at the time of writing.
Another day, another all-time high for gold
The latest showing of Bitcoin’s strength includes a tandem with repeated all times high for gold.
Related: BTC Price Due to $ 108k Ping Pong: 5 Things to Know Bitcoin this Sunday
The precious metal, seeing a year of roaring achievements, hits a fresh note of $ 3,895 per ounce.
Bitcoin entrepreneurs have long requested that the BTC/USD pair replicate gold performance. As reported by Cointelegraph, an estimate this week called time in a eight weeks delay In the copycat move starting.
Famous businessman htl-nl that -upload A bitcoin chart priced with gold attempts to break the main long-term resistance.
$ Btc In gold. pic.twitter.com/xhvxmk655a
-htl-NL 🇳🇱 (@htltimor) October 1, 2025
Andre Dragosch, head of European research on the Crypto Asset manager, meanwhile, found a rally fizzling of Gold.
“Fwiw – Think the rally is long on the teeth now,” part of an x post Argued.
“It could be the start for a risk of rally and spin in Bitcoin,” he concluded.
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.
