Key points:
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Bitcoin traders are now shifting their focus to following Friday’s $115,000 liquidity harvest.
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Fundstrat's Tom Lee predicts that Bitcoin could hit $250,000 by the end of the year.
Bitcoin (BTC) recovered sharply after scanning the range low on Friday and tried to continue to rise into the weekend, suggesting that the Bulls are still in control of the market.
BTC/USD daily chart. Source: Cointelegraph/TradingView
Bitcoin traders get high after liquidity of $115K
Data from CoIntelegraph Markets Pro and TradingView show that BTC/USD hit $118,300 on BITSTAMP, with daily earnings of more than 2%.
Now, Bitcoin’s impressive traders are now selling for $3,700 a weekly low seen on Friday, which is starting to prepare for the climax of all time.
Related: Satoshi-era Bitcoin Investors cashed in $9B of 80,000 BTC through Galaxy Digital
“Bitcoin closed at a key bullish level and filled the CME gap at 115k,” said popular crypto analyst Ash Crypto in a post on Saturday's X.
As Cointelegraph reported, Bitcoin’s drop to $115,000 was accompanied by a large number of overdriving job liquidations, but it offers investors the opportunity to increase exposure.
“The agency purchased the dip sauce,” Ash Crypto wrote, adding:
“The Bull is in control.” BTC/USD four-hour chart. Source: Ash Crypto
Earlier, Cointelegraph reported that price action would shift to liquidity above and below, at $114,000 and $118,500 as key levels.
The latest data for monitoring resource coinglass now shows that the latest move is $118,000 above, while the next major cluster has $120,500 in liquidity.
“Liquidity doesn't lie. Prices are dragged to the parking spot,” Popular trader Merlijn pointed out in a part of X's reaction, adding:
“The $120K area is not only glowing, but calling. And $btc will never ignore the phone.”BTC weekly clearing heat map. Source: Xiaodian
If the $120,000 level is broken, it could trigger a liquidation squeeze, forcing short sellers to close positions and push the price to $124,000, a high liquidity cluster.
Tom Lee says Bitcoin’s $250,000 “makes great sense”
Fundstrat's research director Tom Lee said that by the end of 2025, Bitcoin could climb to $250,000, a prediction he repeatedly reiterated.
In a recent interview with CNBC, Lee was asked about the levels that BTC prices could reach in the coming months.
Lee added: “I think Bitcoin's $200,000 to $250,000 range still makes sense because that still only values it at 25% of the size of the gold market.”
Lee believes that Bitcoin may be undervalued as “digital gold” at present because it should be more than $1 million.
“So, I think digital gold means that Bitcoin should be worth more than a million dollars per bitcoin. This may happen in the next few years, but maybe the price in the 25% of that price (especially with the Genius Act) may make sense.”
Lee isn't the only one asking BTC prices to rise by more than $200,000. Among them are researchers André Dragosch and Ayush Tripathi, who said that by the end of the year, the price of BTC could be between $200,000 and $230,000, citing Trump's proposed tax cuts and increased U.S. debt.
Crypto analyst Stockmoney Lizards predicts that based on technological breakthroughs, Bitcoin could reach $200,000.
This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.