Key points:
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Bitcoin labeling fresh records in the weekly fence while liquidations punish shorts.
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BTC price areas include a support test of $ 115,000.
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Hopefully the construction that BTC / USD will copy its “upward trend of discovery” of seven weeks.
Bitcoin (BTC) has reached new heights of all time on Sunday while the Volatility of BTC prices returned to the weekly fence.
BTC Prix Pic at the new record nearly $ 19,500
Cointelegraph Markets Pro and TradingView data showed that BTC / USD reaching $ 119,444 on Bitstamp.
The pair overshadowed its previous record peak compared to two days before when it crossed the bar of $ 119,000 for the first time, liquidating shorts as you go.
The latest data from Corglass resource monitoring have short BTC liquidations at more than $ 20 million in one hour.
“I’m going to become interested next week. We have a lot of large liquidity clusters above and below the current price. We just eliminated a good heap in the region of $ 119,000 +,” said popular merchant Daan Crypto Trades in a post on X.
Daan Crypto is negotiated two key areas linked to the liquidation to then look: 115,500 to $ 116,500 and the area greater than $ 120,000.
🚨 Alert: 24 hours Liquidations reached $ 208 million while merchants of 95,000 broken have been shipwrecked.
The biggest loss was a BTCUSDT position of $ 1.49 million on Bybit. pic.twitter.com/0rg6pxkhtp
– Cointtelegraph (@cointelegraph) July 13, 2025
“$ BTC has a major level of resistance between $ 119,000 and $ 120,000. But after that, there is a lot of increase,” continued Trader and Investor Niels, co -founder of the web 3 accelerator and Ted Labs incubator.
“If $ BTC manages to exceed $ 120,000, the path to $ 135,000 to $ 140,000 will open.
Hall for 50% gains?
Others have zoomed, trader bitbull remaining firmly optimistic about the immediate prospects of BTC prices.
In relation: Bitcoin 120K awaits expectations Add fuel to eth, hype, plain and sei
“There is no reason to be lower on $ BTC here. The strongest weekly escape since November 2024, which led to a 50% pump the last time,” he told X subscribers.
Bitbull has reported several bullish catalysts impacting Bitcoin, including record institutional entries, the next “American crypto week” and rumors on the resignation of the president of the Federal Reserve Jerome Powell.
“Week 1 in the discovery of Bitcoin Uprend 2 prices ends slowly. Week 2 begins tomorrow,” added Rekt Capital Trader and Analyst.
“The first price discovery trend lasted 7 weeks.”
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.
