If you take a quick look at Bitcoin’s liquidity, you can notice that there’s much more of it above. That makes sense after the recent heavy wipeout of longs over the past few days, and it also looks more realistic. But(!) in my opinion, for a full-fledged move upward and a breakout toward ATH or levels close to it, we still need another decent pullback. Locally, 114K with further downside looks like the most ideal plan before a strong move up.

However, historically, September has been one of the weaker months for Bitcoin, and some traders are already saying, “What if we see 100,000 soon?” Do we believe it?

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