Crypto markets hold their breath! As #bitcoin made a strong entrance into June, analysts say that the giant target of $ 130,000 is now just one step away. Especially if the RSI indicator reaches the level of 75, it is predicted that $BTC could get caught in a big bullish wave.
Plan B: $ 130,000 is Inevitable if RSI is 75
Famous analyst Plan B emphasizes that if Bitcoin's RSI level reaches 75, $ 130,000 can easily be exceeded in June. This could mean the beginning of a new bull season for the crypto market.
📈 Open Interest and Investor Behavior: Bulls on Stage
According to Coinglass data, Bitcoin's open interest increased by 4.94% to $ 75.96 billion. The long-short position ratio is at 1.071, which shows that investors' bullish expectations are still strong.
Funding rate: Increased to 0.0041%
Liquidations: $7.52 million in long positions, $62.08 million in short positions
Investors are clearly bullish.
🕳 CME Gap: Footsteps of Massive Price Movement
The CME gap that BTC left at the beginning of the trading week has created excitement in the market. Historically, these gaps close quickly and the price usually makes strong moves. Daan Crypto Trades says that this gap could potentially accelerate the current uptrend.
“If BTC stays close to the gap, a correction may come in the short term, but in the long term, it could be a sign of a bigger rally.” – Daan Crypto Trades
💬 What the Experts Say
Michael van de Poppe:
“If BTC stays above the critical resistance levels, it could attract more buyers. This could push the price up rapidly.”
Van de Poppe also said that if the $111,000 level is broken, the price could quickly climb towards $130,000.
🔥 Is the $130,000 Target Realistic?
Currently, Bitcoin is at $110,114, up 4.26% from the previous day. According to market experts, if the current momentum holds, the $130,000 target could be “only a matter of time.”
Increasing open interest
Positive funding rate
Strong investor sentiment
Rising technical indicators
All these factors indicate that June could be a turning point for Bitcoin.
#MarketRebound #BTC110KSoon? #TrumpTariffs #StrategyBTCPurchase