Bitcoin Nears $135K Target Amid Rising Momentum and ETF Inflows, Supported by Short Liquidations
2025-07-14 05:22:46
Main Idea
Bitcoin's price has surged above $107,000, targeting $135,000, driven by strong momentum, ETF inflows, and significant short liquidations, with technical indicators and institutional activity supporting further upside potential.
Key Points
1. Bitcoin broke above $107,000, with $135,000 identified as the next key resistance level.
2. Technical indicators like RSI (72) and MACD confirm strong bullish momentum, with a 93% surge in trading volume.
3. Spot Bitcoin ETFs and short liquidations exceeding $1.1 billion have fueled the price rally.
4. Fibonacci extension models project potential targets at $135,003, $144,000, $160,000, and $184,181.
5. Key support level is at $115,220, with on-chain metrics being monitored for rally sustainability.
Description
Bitcoin has surged past the critical $107,000 mark, demonstrating robust momentum and setting sights on a $135,000 target amid significant ETF inflows and substantial short liquidations. Technical indicators and on-chain
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