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Bitcoins’ All-Time Highs Are Still Reachable with $115K Next

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Bitcoin and Solana Will Hit Parabolic Levels if Their Cup-and-Handle
Bitcoin and Solana Will Hit Parabolic Levels if Their Cup-and-Handle

Important points

  • After BTC revisits $114,000, analysts argue that Bitcoin is not at its peak for the bull market.

  • According to history, the bull would have been too short-lived if the price of $124,000 were the highest.

  • Transfers of liquidity “predictability” BTC Price Rebound:

BitcoinBTC“” is “unlikely” As the price of gasoline breaks key resistance, a new analysis claims that it will soon run out and prices could reach all-time records.

The author, in his own words: latest market coverageRekt Capital – a well known trader and analyst – hinted recently that BTC’s price discovery would return.

BTC price Resistance “weakening” after breakout

Bitcoin returned to $114,000 in value on Wednesday due to US macroeconomic tailwinds. But bulls can celebrate for more.

Rekt Capital informed X-followers on BTC’s current price. It noted that BTC/USD was not only breaking its local downtrend, but it also faced an important resistance area at $113,000.

“Each rejection from $113k (red) has yielded shallower and shallower pullbacks,” He commented with an accompanying chart.

“It has taken some time but it is increasingly looking like $113k is weakening as a point of rejection.”

BTC/USD one-day chart. Source: Rekt Capital/X

Bitcoin ended several weeks A daily candle that closed above the trend line on September 2 was a sign of a downward price movement. This occurred a day following its lowest levels in nearly two months.

The Regardless of bearish predictions Rekt Capital believes that the bullish market is far from being over, despite the recent drop below $108,000.

“It’s unlikely Bitcoin has already peaked in its Bull Market because that would effectively mean that this cycle was one of the shortest of all time,” He reasoned.

“If anything, cycles are getting slightly longer rather than shorter.”

Bitcoin order book liquidity is the key.

Participants in the market continued to watch for potential short squeezes on that particular day.

Related: Bitcoin must hit $104K to repeat past bull market dips: Research

TheKingfisher is a well-known commentator who has pointed out that there are many ways to get involved in the community. “majority” Liquidity was immediately above the spot price and created a magnet for short term.

Keith Alan is the cofounder of Material Indicators and he saw bulls as facing their next challenge at the SMA 50 days at $114 700.

“Expecting resistance around the 50-Day SMA, which is close to the psychological $115k level,” He confirmed X is the number of followers.

Material Indicators argued This is the “entire move developed with some degree of predictability based on dynamic liquidity placements and whale class order flow.”

BTC/USDT Order-book Liquidity Data with Whale Orders Source: Material Indicators/X

This article contains no investment recommendations or advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.