BTC traders are hoping for new highs next as the Bitcoin price returns to $118K.

Takeaways from the conference:

• After Friday’s liquidity grab of $115,000, Bitcoin traders are now looking to the higher levels.

• Tom Lee of Fundstrat predicts Bitcoin may reach $250,000 in the year’s end. 

BitcoinBTC() has recovered strongly after making range-lows on Friday, and it is now trying to maintain its upward trend into the weekend. This indicates that the bulls still control the market.

Bitcoin traders expect highs following $115K liquidity grab

The Data of Cointelegraph Markets Pro You can also find out more about the following: TradingView Bitstamp reported daily gains exceeding 2%, as BTC/USD hit $118.300.

Bitcoin is now up by $3,700 from the weekly lows of Friday. This has impressed investors, who are preparing for another assault on record highs.

Related: Satoshi-era Bitcoin investor cashes out 80,000 BTC for $9B via Galaxy Digital

“Bitcoin closed above the bullish key levels and filled the CME gap at $115K,” said Ash Crypto, a popular crypto-analyst in X’s post of Saturday. 

Cointelegraph reportedBitcoin’s decline to $115,000 has been accompanied by the massive liquidation Investors could add to their exposure by taking on leveraged positions.

“Institutions bought the dip,” Ash Crypto wrote:

“Bulls are in control.” 

Earlier, Cointelegraph reported On expectations that the price action will shift in order to bring liquidity above and below $114,000, $118,500 being key levels.

Latest data on monitoring resources CoinGlass Now shows that liquidity is being taken, with the most recent move exceeding $118,000 and the second major cluster sitting at $120,00.

“Liquidity doesn’t lie. Price gets pulled to where the stops are,” Merlijn the Trader, a popular trader noted that an X-reaction was part of a reaction to his post. 

“The $120K zone isn’t just glowing, it’s calling. And $BTC never ignores the call.”

The $120,000 mark could trigger a liquidity squeeze that would force short sellers to liquidate their positions, driving the price up towards $124,000. This is considered a cluster of high liquidity.

Bitcoins at $250,000 “makes sense,” says Tom Lee

Tom Lee, Fundstrat’s Head of Research, has forecast that Bitcoin will reach $250,000 at the end of 2025. reiterated multiple times. 

A recent study found that the majority of people are not aware that they have a disability. interview Lee was interviewed on CNBC about what the BTC prices could be in the coming months.

“I think the $200,000 to $250,000 range for Bitcoin still makes sense,” Lee replied, “Lee added. “because that would still only value it at 25% of the size of the gold market.” 

Lee claimed that Bitcoin is currently undervalued. “digital gold,” It should be at least $1 million per BTC.

“So I think digital gold means Bitcoin should be worth over a million dollars per Bitcoin. That could happen in the next few years, but maybe pricing in 25% of that – especially with the Genius Act – makes sense.” 

Lee isn’t the only analyst who believes that BTC will rise to above $200,000 in the near future. These include Bitwise researchers André Dragosch and Ayush Tripathi, who said BTC prices could rise to between $200,000 and $230,000 by year’s end, according to a report. Trump’s proposed tax cuts and rising US debt. 

Crypto analyst Stockmoney Lizards predicted Bitcoin may reach a peak of around $200,000, if a breakout occurs.

The article is not intended to provide investment advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.