Bitcoin Liquidity Crunch Paves Way for $115K Breakout
The post Bitcoin Liquidity Crunch Paves Way for $115K Breakout appeared on BitcoinEthereumNews.com. On-chain exchange reserves have hit a five-year low, and analysts argue the resulting supply squeeze could catapult BTC toward $115,000 in coming weeks. Is Bitcoin Eyeing the $115K to $200K Zone? With U.S. inflation falling lower than expected, Bitcoin has the potential of hitting $200,000 by year-end, says a 21Shares crypto strategist Matt Mena. He noted that a decisive breakout above the $105K–$110K range could propel BTC to $120K and fast-track the year-end target of $138.5K by late summer. Market analyst Crypto King was of a similar opinion that $120,000 was the next psychological price for Bitcoin, thanks to reduced selling activity by short-term holders. The analyst stated, “With $120K as the next key psychological level, Bitcoin appears to be steadily positioning for another upward move, though increased profit-taking may emerge as that milestone nears.” Source: Crypto King With the consumer price index (CPI) increasing by only 0.1% in May, which was way below expectations, this might be the stepping stone towards Bitcoin soaring to $200,000. Mena pointed out, “Today’s CPI print may serve as a bullish catalyst for Bitcoin – and it may be the unlock that brings this target forward by several months. If momentum continues building, a $200K Bitcoin by year-end is now firmly in play.” A surge to $200,000 would validate the long-standing belief among Bitcoin advocates that it is a store of value, akin to digital gold. This price move signals deepening institutional adoption—from exchange-traded funds (ETFs) to corporate treasuries—indicating that major players see Bitcoin as a credible, long-term investment rather than a speculative asset. Bitcoin Whales Remain Steadfast Bitcoin whales — the entities holding 1,000 BTC or more — have remained incredibly steadfast, thanks to various factors: Institutional conviction. Institutions and high-net-worth holders view every dip—from $110K to $104K—as an opportunity, not a threat. The…
The post Bitcoin Liquidity Crunch Paves Way for $115K Breakout appeared on BitcoinEthereumNews.com.
On-chain exchange reserves have hit a five-year low, and analysts argue the resulting supply squeeze could catapult BTC toward $115,000 in coming weeks. Is Bitcoin Eyeing the $115K to $200K Zone? With U.S. inflation falling lower than expected, Bitcoin has the potential of hitting $200,000 by year-end, says a 21Shares crypto strategist Matt Mena. He noted that a decisive breakout above the $105K–$110K range could propel BTC to $120K and fast-track the year-end target of $138.5K by late summer. Market analyst Crypto King was of a similar opinion that $120,000 was the next psychological price for Bitcoin, thanks to reduced selling activity by short-term holders. The analyst stated, “With $120K as the next key psychological level, Bitcoin appears to be steadily positioning for another upward move, though increased profit-taking may emerge as that milestone nears.” Source: Crypto King With the consumer price index (CPI) increasing by only 0.1% in May, which was way below expectations, this might be the stepping stone towards Bitcoin soaring to $200,000. Mena pointed out, “Today’s CPI print may serve as a bullish catalyst for Bitcoin – and it may be the unlock that brings this target forward by several months. If momentum continues building, a $200K Bitcoin by year-end is now firmly in play.” A surge to $200,000 would validate the long-standing belief among Bitcoin advocates that it is a store of value, akin to digital gold. This price move signals deepening institutional adoption—from exchange-traded funds (ETFs) to corporate treasuries—indicating that major players see Bitcoin as a credible, long-term investment rather than a speculative asset. Bitcoin Whales Remain Steadfast Bitcoin whales — the entities holding 1,000 BTC or more — have remained incredibly steadfast, thanks to various factors: Institutional conviction. Institutions and high-net-worth holders view every dip—from $110K to $104K—as an opportunity, not a threat. The…
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