Bitcoin and Ether Rally as Traders Eye New Highs Amid Market Uncertainty
TL;DR
Bitcoin recently reached new August highs near $119,000, with traders anticipating a potential move to $120,000 driven by a short squeeze that could liquidate over $18 billion with a 10% price increase. Market analysts highlight a CME gap at $116,500 as a possible support level and suggest that a break above $120,000 could trigger further bullish momentum, although some caution that weekend volatility might reverse once traditional markets reopen.
Topics:businesscryptocurrency#all-time-high#bitcoin#cme-gap#cryptocurrency#price-prediction#short-squeeze
- Bitcoin can liquidate $18B with 10% price gain as traders see $120K next Cointelegraph
- Ether Leads Weekend Crypto Rally as Treasury Buyers Boost Token Bloomberg.com
- Going To ‘Be A Big Week’—Bitcoin Suddenly Soars As Crypto Braces For Massive Price Shocks Forbes
- Post-ATH Indecisiveness Glassnode Insights
- Bitcoin Price Watch: Bulls Eye $123K as Upper Resistance Nears Bitcoin.com News
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