Bitcoin reached new all-time highs, surpassing $118,000, leading to over $1 billion in short liquidations. Analysts predict further gains, potentially targeting $130,000. Increasing institutional demand and positive signals from the Trump administration are fueling the bullish trend.
Bitcoin surged to new highs, triggering billions of dollars in short position liquidations. Analysts attribute the rise to increased institutional demand and crypto-friendly policies.
According to 10x Research, crypto investors may be underexposed to Bitcoin, as traders show increased optimism for the asset. 10x Research's Bitcoin trend model indicates a 60% chance of further upside in the next two months, with historical data suggesting a potential 20% gain.
Bitcoin reached a new all-time high, surpassing $112,000, as traders were forced to liquidate their short positions. This surge marks a significant moment for the cryptocurrency, highlighting its growing momentum in the market.
Bitcoin is testing the $110,000 level, with traders anticipating increased volatility. Analysts are closely monitoring RSI indicators and macroeconomic developments, such as the Consumer Price Index (CPI), to determine Bitcoin's next move. Forecasts for 2025 remain bullish, with potential prices ranging from $100,000 to $150,000.
Bitcoin rallied to $109.7K, but professional traders question the price momentum. Despite the rally, data suggests traders remain cautious, raising questions about the sustainability of the rally.
Bitcoin traders adopt a defensive stance as the 15-day inflow streak into U.S. spot Bitcoin ETFs ended with $342.2 million in outflows. Meanwhile, Ethereum ETFs saw inflows, with interest shifting.
Bitcoin bulls appear poised to win the upcoming $20 billion options expiry, raising the chances for a rally to $110,000. Bitcoin traders are closely watching the $20 billion monthly options expiry set for June 27.
