Is the BTC price heading towards $137K as shorts exceed $104.7K
Key takeaways:
📍BTC price mirrors global M2 trends with a 70-day lag; previous models led to major rallies.
📍Short liquidations above $104.7K may trigger a breakout; clusters act as price magnets.
📍Metaplanet now owns 6,796 BTC after purchasing for $126.7 million; the goal is to reach 10,000 BTC by 2026
Bitcoin is once again drawing attention as the BTC price crossed the $105,000 mark, sparking hopes for a continued rally. A growing accumulation of short positions is currently observed above the $104,700 level, which may act as a price magnet.
Alongside this, recent events such as institutional purchases, macroeconomic shifts, and the resumption of trading agreements are shaping a landscape that some believe could lead Bitcoin to the $137,000 mark.
