Bitcoin Price Prediction: Traders Say “Fakeout” Is Bullish – New All-Time Highs Coming Soon

Key Points

1. Bitcoin (BTC) broke above the $117,000 resistance, signaling bullish momentum, with traders eyeing $131K as the next target.

2. Technical indicators, including RSI and MACD, suggest a favorable setup for BTC, with key resistance levels at $117,335, $123,250, and $131,575.

3. Macroeconomic factors, such as expected Fed rate cuts and China's stablecoin plans, are boosting Bitcoin's outlook.

4. Bitcoin Hyper ($HYPER), a Bitcoin-native Layer 2 project leveraging Solana's performance, has raised over $7.7 million in its presale, with tokens priced at $0.012575.

5. The project aims to combine Bitcoin's security with Solana's scalability for fast, low-cost smart contracts and dApps.