Thomas Daniels
Bitcoin staged a textbook liquidity sweep by briefly dipping under the $115,000 threshold before rebounding decisively, signaling that bullish sentiment persists. Traders are now pivoting toward tests of new all‑time highs.
Key Highlights
- After probing $115K to capture liquidity, Bitcoin swiftly rebounded above $118,000, reinforcing bullish momentum.
- According to Fundstrat research chief Tom Lee, Bitcoin could reach $200K–$250K by year-end, with a long‑term fair value exceeding $1 million per BTC when viewed as “digital gold.”
- Analysts including Bitwise’s André Dragosch and Ayush Tripathi foresee targets between $200K and $230K, driven by U.S. tax policy shifts and rising national debt projections.
- Peak technical breakout forecasts, such as those from Stockmoney Lizards, suggest Bitcoin may top out near $200,000.
Market data from Cointelegraph Markets Pro and TradingView shows BTC/USD climbed over 2%, touching approximately $118,300 on Bitstamp. That marks a gain of nearly $3,700 from Friday’s weekly low of ~$114,600, rounding out a recovery above the CME’s $115K gap.
Analysts including Ash Crypto noted: “Institutions bought the dip… Bulls are in control,” as $115K served as a fulcrum for market establishment. With liquidity recently sucked above $118K, the next cluster of stop‑loss orders lies around $120,500, according to CoinGlass tracking. In the words of Merlijn The Trader: “The $120K zone isn’t just glowing, it’s calling—and BTC never ignores the call.” A close over $120K could trigger a short squeeze, potentially propelling price closer to $124,000.
Overall, the rebound underscores institutional participation and bullish conviction, while chart‑based triggers point toward a possible quest for fresh all‑time highs.
