Bitcoin eyes $150K even as traders cash out for 100 straight days
The post Bitcoin eyes $150K even as traders cash out for 100 straight days appeared on BitcoinEthereumNews.com. Bitcoin hit a new all-time high at $123,218, on Monday, July 14. The largest cryptocurrency wiped out its gains and hovers above the $118,000 level at the time of writing. Bitcoin’s recent activity has motivated BTC holders from the Satoshi era to move their BTC to OTC desks and likely take profits. Bitcoin (BTC) could rally towards its target above $150K if BTC continues to extend its gains and upward momentum is sustained. Bitcoin hits new all-time high Bitcoin hit a peak at $123,218 on Monday, July 14. The largest cryptocurrency slipped lower, erasing newfound gains to hover above $118,000 on Thursday. Bitcoin could collect liquidity at the support at 78.6% Fibonacci retracement level of the rally from the April low to the July peak, at $112,794. Two key momentum indicators on the BTC/USDT price chart show that further gains are likely in Bitcoin. RSI reads 68 and is sloping upwards, MACD flashes green histogram bars above the neutral line. There is a positive underlying momentum in Bitcoin price. Fibonacci targets of 127.2% at $136,467 and 161.8% at $153,320 come into play once Bitcoin sees a daily candlestick close above $130,000. The $150,000 target is psychologically important, a key milestone for Bitcoin after $100,000 and the $120,000 level. BTC/USDT daily price chart | Source: Crypto.news Bitcoin’s run to a new all-time high powered the BTC trade of the century. Gemini’s Winklevoss brothers’ $11 million Bitcoin purchase in 2013 has turned into $11 billion in 2025. The 1000x increase in the Winklevoss brothers’ investment has supported the positive sentiment among traders. Traders are “greedy” this week, according to the Fear & Greed index, a sentiment gauge for market participants. The bullish sentiment is faced with profit-taking from traders. In the past 100 days, BTC holders have consistently taken profits on their…
The post Bitcoin eyes $150K even as traders cash out for 100 straight days appeared on BitcoinEthereumNews.com.
Bitcoin hit a new all-time high at $123,218, on Monday, July 14. The largest cryptocurrency wiped out its gains and hovers above the $118,000 level at the time of writing. Bitcoin’s recent activity has motivated BTC holders from the Satoshi era to move their BTC to OTC desks and likely take profits. Bitcoin (BTC) could rally towards its target above $150K if BTC continues to extend its gains and upward momentum is sustained. Bitcoin hits new all-time high Bitcoin hit a peak at $123,218 on Monday, July 14. The largest cryptocurrency slipped lower, erasing newfound gains to hover above $118,000 on Thursday. Bitcoin could collect liquidity at the support at 78.6% Fibonacci retracement level of the rally from the April low to the July peak, at $112,794. Two key momentum indicators on the BTC/USDT price chart show that further gains are likely in Bitcoin. RSI reads 68 and is sloping upwards, MACD flashes green histogram bars above the neutral line. There is a positive underlying momentum in Bitcoin price. Fibonacci targets of 127.2% at $136,467 and 161.8% at $153,320 come into play once Bitcoin sees a daily candlestick close above $130,000. The $150,000 target is psychologically important, a key milestone for Bitcoin after $100,000 and the $120,000 level. BTC/USDT daily price chart | Source: Crypto.news Bitcoin’s run to a new all-time high powered the BTC trade of the century. Gemini’s Winklevoss brothers’ $11 million Bitcoin purchase in 2013 has turned into $11 billion in 2025. The 1000x increase in the Winklevoss brothers’ investment has supported the positive sentiment among traders. Traders are “greedy” this week, according to the Fear & Greed index, a sentiment gauge for market participants. The bullish sentiment is faced with profit-taking from traders. In the past 100 days, BTC holders have consistently taken profits on their…
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