Bitcoin Holds Above $115,000 Amid Mixed Signals, Potential for Breakout to New Highs
Main Idea
Bitcoin maintains stability above $115,000 despite mixed market signals, with potential for a breakout amid liquidity battles and regional demand variations.
Key Points
1. Bitcoin holds above $115,000 despite negative Net Taker Volume on Binance, indicating selling pressure.
2. The Coinbase Premium Index in the US remains flat, while the Korea Premium Index shows regional demand differences.
3. Analyst Boris Vest notes a liquidity battle between buyers and sellers, with buyers absorbing sell-side pressure near $116,000.
4. A breakout above $120,000 is plausible if Bitcoin maintains support between $115,200 and $112,000.
5. Bitcoin researcher Axel Adler Jr. suggests BTC is in a growth phase with potential upside to $139,000 without overheating risks.
Description
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