Bitcoin bulls charge at all-time highs as trader says $126K 'pivotal'
Main Idea
Bitcoin and Ether are approaching or surpassing all-time highs, with significant market activity including liquidations and institutional interest, while traders identify key price levels to watch.
Key Points
1. Bitcoin (BTC/USD) surpassed $122,000, with $120,000 now seen as support and $126,000 identified as a pivotal price point.
2. Crypto liquidations exceeded $500 million in 24 hours, with significant volatility across markets.
3. Ether (ETH/USD) came within $150 of its all-time high, driven by institutional interest, including a $20 billion fundraising round by BitMine.
4. Institutional entities accounted for 75% of Coinbase trading volume, signaling strong institutional participation.
5. Trader Rekt Capital highlighted $4,631 as a key support level for Ether to sustain upward momentum.
Description
Bitcoin already has new key price levels beyond current all-time highs as traders wait for Ether price discovery to hit.
Latest News
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