What's up, my crypto people! 🤩 Hold on tight because things with Bitcoin (BTC) are getting spicier than habanero pepper! 🔥 According to the folks at Cointelegraph, the price of Bitcoin is hovering around $107,000, and analysts are already throwing in the towel and saying that a new all-time high is 'inevitable'! It's crazy! 🤯
Imagine that Bitcoin already rose 3% over the weekend, reaching up to $108,000 on June 29. After that, traders are already saying that the rally towards new all-time highs is 'inevitable' because buy orders are accumulating above $109,000. It seems like the party is just getting started! 🎉
Michael van de Poppe, the founder of MN Capital, had been warning about this. He said that after grabbing liquidity near $108,000, Bitcoin could have a small breather before heading to the sky. And he marked the $109,000 level as the key point for things to become more bullish. He even mentioned that the breakout to a new all-time high could happen next week! So stay alert! 👀
But it doesn't stop there, my friends. Analyst Mags shared a chart showing that Bitcoin is forming an 'inverted head and shoulders' pattern, and the target of that pattern is nothing less than new all-time highs once the price breaks $112,000! So get ready because 'a Bitcoin price breakout is approaching'! 💥
And Jelle, another popular analyst, is on the same wavelength. He says that if Bitcoin breaks a 'bullish flag', it could shoot up with a massive rise towards 'price discovery'! I mean, to numbers we've never seen! 🚀
CoinGlass data confirms it: Bitcoin liquidity is accumulating at $109,000. There is over $47.6 million in liquidity at $109,500! This means there are a lot of buy orders waiting there, which could push the price even higher if those levels are broken. And if the liquidity between $110,000 and $112,300 is activated, we could see an explosion that takes Bitcoin to 'price discovery'! 💰
So, my people, the atmosphere is hot with Bitcoin. All eyes are on that barrier of $109,000 and beyond! Will it break the record this time and take us to a party? Only time will tell, but the signals are clear! 🥂$BTC $ETH $BNB