Bitcoin Eyes $150K as Halving Progress, Liquidity, and Chart Patterns Align
Main Idea
Bitcoin is approaching a key price zone of $110K–$117K, with potential to rally to $150K, supported by halving progress, global liquidity, and bullish chart patterns.
Key Points
1. Bitcoin's next halving is 32% complete, with 991 days remaining, historically a catalyst for price surges.
2. Bitcoin is testing a critical retest zone between $110K and $117K, which could trigger a parabolic rally if support holds.
3. Global liquidity has reached a record $95.31 trillion, providing bullish momentum for Bitcoin and other risk-on assets.
4. Bitcoin's price is currently at $118,079, with a 1.41% increase in the last 24 hours and a market cap over $2.34 trillion.
5. A bounce at the 0.5 Fibonacci level around $110,000 could propel Bitcoin toward $150,000.
Description
Bitcoin nears key $110K–$117K zone, setting stage for potential parabolic rally Halving progress at 32% boosts long-term confidence and psychological market support Record $95.31T global liquidity adds bullish momentum to Bitcoin’s breakout setup Bitcoin’s trajectory is drawing heightened attention from analysts and investors alike as the king of crypto approaches a pivotal price level. Market momentum is building amid rising liquidity, historical patterns, and technical setups pointing toward a...
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