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Bitcoin traders are now focused on higher levels after the liquidity entry of $ 115,000 on Friday.
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Tom Lee de Fundstrat predicts that Bitcoin could reach $ 250,000 by the end of the year.
Bitcoin (BTC) suddenly recovered after swepting backwards on Friday and tries to continue its upward trend on weekends, indicating that bulls still control the market.
Bitcoin traders heet heets after $ 115,000 in liquidity
Cointelegraph Markets Pro and TradingView data have shown that daily gains exceeding 2%, the BTC / USD, reached $ 118,300 on Bitstamp.
Now increasing $ 3,700 compared to the weekly stockings seen on Friday, Bitcoin impressed the merchants, who began to prepare for a new attack on the heights of all time.
In relation: Bitcoin investor of the Satoshi-Era era cashes 80,000 BTC for $ 9 billion via Galaxy Digital
“Bitcoin closed over the levels of Haussier key and filled the CME gap at $ 115,000,” the Crypto popular analyst said on Saturday in a post.
As Cointtelegraph reported, the drop in bitcoin to $ 115,000 was accompanied by the massive liquidation of area positions, but it allowed investors to add exposure.
“The institutions bought the DIP,” wrote Ash Crypto, adding:
“The bulls control.”
Earlier, Cointtelegraph reported on the expectations that prices are changing liquidity above and below, with $ 114,000 and $ 118,500 as key levels.
The latest monitoring data from Resource Coininglass now show the liquidity taken with the last movement above $ 118,000, while the next major cluster is at $ 120,500.
“Liquidity does not reside.
“The $ 120,000 zone does not shine, it calls. And $ BTC never ignores the call.”
If the level of $ 120,000 is broken, it could arouse compression of liquidation, forcing the sellers open to closing the positions and leading prices to $ 124,000, which is a high liquidity cluster.
Bitcoin at $ 250,000 “makes sense,” says Tom Lee
Fundstrat’s research manager Tom Lee says Bitcoin could increase to $ 250,000 by the end of 2025, a forecast that he reiterated several times.
During a recent interview on CNBC, Lee was questioned on the levels that the BTC price could reach in the coming months.
“I think that the range of $ 200,000 to $ 250,000 for Bitcoin always makes sense,” replied Lee, adding: “Because it would always value it only 25% of the size of the gold market.”
Lee argued that Bitcoin could currently be undervalued as “digital gold” because it should be more than a million dollars per BTC.
“So I think that digital gold means that bitcoin should be worth more than a million dollars per bitcoin.
Lee is not the only one to call the price of the BTC to exceed the $ 200,000 mark. These include Bitwise researchers André Dragosch and Ayush Tripathi, who said BTC Price could reach between $ 200,000 and $ 230,000 by the end of the year, citing Trump’s proposed tax cuts and increasing American debt.
Crypto Stockmoney Lizards analyst predicted that Bitcoin could reach around $ 200,000 depending on a technical escape.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.