Is Bitcoin Headed For A New ATH After $104,000 Triumph? What This Market Expert Thinks - Coin Surges

Is Bitcoin Headed For A New ATH After $104,000 Triumph? What This Market Expert Thinks - Coin Surges

Since reaching a local bottom of $74,000 in mid-April, Bitcoin has seen a market rebound, creating a price uptrend that has lasted over the past three weeks. Notably, the premier cryptocurrency crossed the $100,000 trade mark in the last week to trade as high as $104,300. Following this impressive feat, market analysis X platform NewThoughtCrypto has shared a technical insight on Bitcoin’s next move. Bitcoin Macro Outlook Shows Charge To New ATH…

Bitcoin jumped to more than $104,000 following a massive squeeze short, resulting in the liquidation of $400 million of sales positions in one day. Two major catalysts fueled this increase: the announcement of a Trump – United Kingdom trade deal and record flows in Bitcoin Spot ETFs. The BTC's rise drew the entire market, increasing the capitalization of the Altcoins by 10%, up to $1.14 trillion, a peak since March. $400 million of liquidated sh…