TL;DR
Bitcoin is gaining ground as it surges toward its all-time high of $111K, fueled by renewed buying interest and strong technical momentum. With market sentiment shifting positively, expectations are building for a potential breakout that could take BTC to the $120K range in the near future. BTC Price Analysis: Technicals By Shayan The Daily Chart Following a healthy pullback to the $106K support level, BTC attracted notable demand, leading to a renewed rally back toward its all-time high at $111K. The ongoing price action reflects solid bullish momentum, likely stemming from sustained accumulation within the $100K–$111K consolidation range. A key bullish signal has also emerged: the 100-day moving average has crossed above the 200-day moving average, forming a Golden Cross, historically associated with longer-term bullish trends. This reinforces the current upward trajectory and investor confidence. However, BTC now faces a decisive test at the $111K ATH. A successful breakout above this psychological and technical barrier could ignite a fresh impulsive leg upward, with the $120K mark as the next major target. Source: TradingView The 4-Hour Chart On the 4-hour timeframe, BTC initially faced rejection at the upper boundary of a descending wedge near $108K, triggering a brief dip to $106K. This move, however, was likely a liquidity sweep, a strategic pullback designed to trap retail sellers and enable smart money to accumulate long positions. Following this, the BTC price broke above the wedge structure and completed a bullish retest, confirming the breakout. The cryptocurrency is now gaining momentum again, eyeing the $111K liquidity pool, where a cluster of stop orders likely resides. This area is of high interest to large players seeking to trigger a buy-side liquidity cascade. If bulls can reclaim this level, a breakout is likely to follow, potentially propelling Bitcoin to new highs around $120K. Source: TradingView On-chain Analysis By Shayan This chart presents the Binance Liquidation Heatmap, which visualizes areas where significant liquidation events are likely to unfold. These zones often act as liquidity magnets, drawing price action toward them. Large market participants, commonly known as whales, strategically target these levels to enter or exit positions efficiently. At present, a notable cluster of liquidation levels sits just above Bitcoin’s all-time high of $111K, suggesting a strong probability that the price may be drawn toward this region. If reached, this could spark a short-squeeze, amplifying upward momentum and potentially pushing BTC to new highs. However, this liquidity cluster also reflects persistent selling pressure around current levels. Sellers remain active, keeping the $111K resistance firm. As such, this threshold stands as a critical decision point. A confirmed breakout above could initiate a powerful bullish continuation, while a failure to breach it may result in another rejection and possible retracement. Source: TradingView The post Bitcoin Price Analysis: Will BTC Hit $120K in the Next Few Days? appeared first on CryptoPotato.
Bitcoin’s price has managed to completely erase the losses from yesterday and it appears that bulls are on the run again. At the time of this writing, BTC is trading at around $109,500, preparing to test the pivotal technical and psychological level of $110K, sitting right below the cryptocurrency’s all-time high. Data from Coinglass shows that the total number of liquidations across the derivatives market currently sits at almost $300 million – a 32% increase compared to the previous 24 hours. BTC leads the way with around $50 million in liquidations, where the majority of positions were short. In total, $190M out of the $300 million in forced-closed traders were betting on the price to go down. Naturally, the altcoins are following suite and are also recovering and most of them are now trading in the green. It’s interesting to see if this will transition into a more sustained upward movement in the next few days. Source: Qunatify Crypto The post Bitcoin Price Tests $110K as Total Liquidations Near $300 Million appeared first on CryptoPotato.
TL;DR
Bitcoin’s price actions took a turn for the worse on Monday evening with a price slip to $107,500 but the asset has managed to recover most losses since then. The altcoins are slightly in the red on a daily scale, including the recent high-flyer HYPE, which has lost some steam after the latest ATH. BTC Back to $109.5K History was made last Wednesday when, after a few days of substantial volatility and rejection below the $107,000 level, the primary cryptocurrency managed to break through and shot past its January 2025 all-time high of around $109,100. The asset flew to $109,800 that day but was quickly stopped and driven south by around three grand. However, that correction was short-lived as the bulls resumed control of the market and initiated an even more impressive leg up on Thursday – the so-called Bitcoin Pizza Day. Back then, BTC skyrocketed to almost $112,000 to chart a fresh all-time high. Trump’s tariff recommendations against the EU on Friday brought some pain and uncertainty to the market, as BTC slipped back down to $107,500. However, it defended that level and stood just above it during the weekend. Bitcoin started to gain traction again on Monday and jumped to a daily high of $110,500 before it slumped to $107,500 later in the evening. As of now, though, it has recovered most losses and stands around $109,500. Its market cap has remained close to $2.180 trillion on CG, while its dominance over the alts is at 61%. BTCUSD. Source: TradingView ETH Stable at $2.6K Most altcoins have charted some losses over the past day, including HYPE, which has retraced since its latest all-time high by 3.5%. SUI has slipped by a similar percentage, while XRM and PI are down by 5.5% and 4.3%, respectively. Ethereum has maintained the $2,600 level after a near 2% increase since yesterday. BNB and TRX are also slightly in the green. QNT is the only double-digit price gainer from the top 100 alts, followed by TKX (7%), VIRTUAL (7%), and INJ (6%). The total crypto market cap has remained at essentially the same level as yesterday, at around $3.570 trillion. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Bitcoin Recovers From Sub-$108K Drop, Ethereum Maintains $2.6K (Market Watch) appeared first on CryptoPotato.