Bitcoin Eyes All-Time Highs While Traders Wait For $117,000 Retest
Bitcoin (BTC) begins a new week in an exciting place while Price Action strikes on new heights of all time.
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Bitcoin reaches $ 122,000, the last sign that the discovery of prices is approaching.
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DIP discussions focus on CME GAP of the weekend, which offers $ 117,000 as a retracement target.
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The IPC and the IPP are due this week because the cement markets of the bets according to which the federal reserve will reduce interest rates next month.
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USDT whales transactions suggest a lack of interest in the profit book.
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A Red Coinbase premium issues potential Bitcoin problems during the next American trading sessions.
Bitcoin traders assess an increase in the weekend of $ 122,000
Bitcoin Price Action has not lost time stimulating the Bulls after the weekly fence.
A quick thrust has taken BTC / USD beyond $ 122,000, and local summits of $ 122,312 on Bitstamp were before a retirement, according to data from Cointelegraph Markets Pro and TradingView.
In doing so, Bitcoin has liquidated more than $ 100 million in short positions because it has removed a liquidity wall just below all time.
Resource Correglass surveillance data now shows resistance at $ 123,000 and more.
By reacting, market players were relieved but cautious. BTC / USD, they argued, could well recover to consolidate the gains before attacking peaks of all time.
“Bitcoin looks great, almost a new summit of all time. However, it is a weekend movement,” wrote Michaël Van de Poppe, a trader, analyst and entrepreneur Michaël Van de Poppe in an article on X on Monday.
“I guess we will see some tests at lower levels before continuing.
Looking at the global trends in the lever effect, the popular Bitbull trader had a bullish signal which should extend far beyond the current battle for the discovery of prices.
The ratio of future leverage to locate the purchase is to go around the stockings which are not seen from the pit on the last Bitcoin market at the end of 2022.
“This is a rare signal,” he summed up.
“This means that this rally is not supported by long leverage that can be destroyed overnight. It is driven by the demand for punctuals, the genre that tends to hold by volatility. ”
All eyes on the new Bitcoin CME gap
Regarding a drop in BTC prices, market players have one thing in their minds.
The weekend movement has created a new “gap” in the future Bitcoin of CME Group – and the observers ensure signs of signs that it will be “filled”.
I hate being this guy …
But we have a large CME gap that opened over the weekend – between $ 117 and $ 119,000.
Ideally, we are closing this soon. pic.twitter.com/fur7k3huus
– Nic (@nicrypto) August 11, 2025
CME gaps are a classic characteristic of the Bitcoin trading landscape, and recently, Price has fallen or down, depending on the needs to fill them – often in days or even in hours.
“Could see a quick filling somewhere this week – something to keep in mind,” said the popular trader Jelle, echoing the feeling of the whole commercial community.
Completely filling the last gap would bring BTC / USD to just over $ 117,200, an already key level as a resistance / support area.
On Sunday, the merchant and popular analyst Rekt Capital described the next weekly closure as “decisive” because he determined the fate of the $ 117,200 mark.
Last week, Rekt Capital focused on recovering this level as a key to the overall BTC price recovery in a “downward difference cycle”.
CPI “Crucial” US Macro Data Week funds
The July impressions of the American consumer price index (IPC) and the producer price index (PPI) are due this week, and the markets are eager for political signals.
Interest rates remain on the agenda for merchants at risk assets in the continuous pressure environment on the federal reserve to act by President Donald Trump.
“This week’s inflation data will be crucial, because the markets are looking at the meeting of the September Fed,” said X followers Resource Resource.
Current data of the CME FEDWATCH tool show market prices in a drop in rate by the Fed next month, with almost 90% ratings, contrasting with the figure of 57% a month ago.
The CPI itself should be slightly higher than last month – something that will give even more weight to surprise cooling, explains Bitbull.
“If the IPC is lower than that expected, the drop in September rates will be confirmed.
“In the event that the IPC is higher than expected, the probability of lower rates will drop with cryptography prices. Since the unemployment rate has increased in recent times, the IPC should decrease, which will be good for the markets.”
Various senior Fed officials will go on stage alongside the data, potentially highlighting the atmosphere.
Whales cling to sell BTC
For the onchain platform of cryptocurrency analytics, an Altcoin blockchain deserves to be looked at with regard to Bitcoin Price Inversion signals.
In one of his blog articles “Quicktake” on Monday, the contributor Amr Taha suggested that the big transfers of Stablecoin Tether (USDT) on Tron coincided with the BTC / USD corrections.
“When $ 10 million and transactions exceed $ 5 billion in one day, this often signals a large-scale Bitcoin achievement,” he summed up.
A graph shows that the balance of daily wallets changes for the USDT TRC-20 portfolios, with transactions worth 10 million dollars or more particular interest, which they thought of belonging to the whales.
Taha offers two examples of the process at work. On July 16 and 23, the points of the USDT whale transactions preceded Bitcoin price corrections of 4.5% and 3.8%, respectively.
Now, however, whales have not yet developed an appetite to reduce the risk.
“The large USDT movements can serve as an early alert for BTC corrections,” said Taha.
“Recent data indicates that the lack of $ 10 million + transactions suggests that whales are not collected in USDT.”
The fears of “pumping and discharge” on Red Coinbase Premium
The concerns about the force of the BTC Prix Breakout are already published in public.
In relation: Ethereum bag holders will be returned to Bitcoin: Samson Mow
For his other cryptocurrency contributor Ja Maartunn, a potential problem focuses on the greatest American exchange corner.
The Premium Coinbase index, which measures the BTC price difference between BTC / USD BTC / Binance BTC / USDT pairs, is back in negative territory.
“Coinbase Pump & Dump?” He asked about X.
“The price has increased from $ 118,000 to $ 122,000 earlier during the day when investors piled up. But the Coinbase Premium index returned red right after.”
A “red” premium suggests a sustained lack of interest on the part of Coinbase users, exerting more pressure on the start of the United States negotiation hours to support higher prices.
The popular novel merchant, remaining cautious as the market won, has meanwhile stressed that a lack of commercial volume had lower implications for a boom emerging in the largest Altcoin Ether (ETH).
As Cintelelelegraph reported, ETH / USD has reached its highest levels since the end of 2021 during the weekend.
“Delighted to see a break in high resistance, but 2 problems I see are bear divs and a small volume,” Roman told X followers in one of his last messages.
“The high volume always validates eruptions and I do not see it here. I would not be surprised if we were going laterally / slightly before. ”
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.