How high can Bitcoin price run?

Most important snack:

• Bitcoin rose by 4.3%on May 9, after he had broken 100,000 US dollars for the first time since February.

• The BTC price receives 800 million US dollars in short liquidations, the largest since 2021.

• A bull flag on the weekly chart indicates that a target of $ 182,200, with the analysts predicting that the price of Bitcoin can be up to $ 1 million in 2025.

The price of Bitcoin (BTC) will increase by 4.3%on May 9, since a fresh liquidity cascade increases the BTC price over $ 100,000 for the first time in over 90 days.

Bitcoin deletes the liquidity in return on 6 figures

BTC/USD rose to $ 104,150 during the late New York trading session on May 8, according to CoinTelegraph Markets Pro and Bitstamp. The crypto market feeling, based on the Krypto Fear & Greed Index, has risen from 65 to 73 in the last 24 hours, which indicates that the “greed” is increased among investors.

The 24-hour crypto market liquidations exceeded $ 925 million, including $ 800 million in short positions, which, according to surveillance resource coating, has marked the largest short liquidation since 2021.

Several interest of sellers are above the spot price, with ASK orders worth $ 2.85 billion near the all-time high of USD 109,500. This indicates that the persistent rally has space up and running at short notice.

However, the crypto -analyst stated that the BTC/USD couple triggered the daily time frame “overc amplained conditions” for the indicator of relative strength index (RSI) that over 70 increase.

Nevertheless, the analyst said strong support from the moving average values ​​and the MacD, which moved above the signal line, reinforced Bitcoin’s upward trend.

“Bitcoin (BTC) is currently in an upward trend and acts over 5 mA, 10 mA and 20 mA, which indicates a strong bullish impulse. The MacD lies above the signal line and supports the bullish feeling.”

Dealers set ambitious goals for the Bitcoin price

The most recent restoration of Bitcoin has prompted the market analysts and dealers to determine different BTC price goals based on different analyzes and feelings.

According to the popular crypto analyst Alphabtc, the current Bitcoin rally can be continued to 106,000 US dollars.

In a technical setup that was shared on its X-handle, the analyst showed Bitcoin trading within a rising parallel canal, with the short-term goal of daily everyday $ 106,000.

“I like how these Fibonacci retreat levels are in harmony with support, and I think $ BTC has another leg of 106,000+ before it corrected.”

Several analysts have also predicted higher destinations for Bitcoin for Bitcoin, including Crypto Trader Egrag Crypto, who says that BTC Prize could rise to $ 170,000 if it was above the all-time high of USD $ 109.

“I aimed at the 170,000 dollar range as a potential cycle -top -but here is the key: #BtC has to close over 109,000 US dollars.

In the meantime, Binance founder Changpeng Zhao expects Bitcoin to reach this bull cycle between $ 500,000 and $ 1 million, which is due to the institutional adoption, the growing accumulation of the government and a pro-crypto-US administration under President Donald Trump.

BTC Price Bull Flag aims at 180,000 US dollars

From a technical point of view, the Bitcoin price campaign has led to the formation of a bull flag pattern in the weekly time frame, a bullish setup that forms after the price consolidation in a Down Sloping area.

The Bull Flag Breakout occurred when the price on April 22nd jumped over the upper trend line at $ 88,000. Bitcoin has now increased as much as the amount of the previous uptrend or $ 182,200, a profit of 75% compared to the current price.

This article does not contain investment advice or recommendations. Every investment and trade movement is the risk, and readers should carry out their own research results if they make a decision.