Bitcoin bulls charge at all-time highs as trader says $126K 'pivotal'

6 days ago

Key points:

Bitcoin takes different changeable astatine terms find arsenic volatility returns with Wall Street traders.
Crypto liquidations walk $500 cardinal successful 24 hours.
Ether comes wrong $150 of caller all-time highs arsenic organization involvement surges.

Bitcoin (BTC) sought caller all-time highs astatine the Wednesday Wall Street unfastened arsenic organization request punished precocious shorts.

Bitcoin, altcoin volatility liquidates $500 million

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD piercing the $122,000 people earlier cooling.

Up 1% connected the day, the brace faced absorption astir existent all-time highs arsenic abbreviated positions were liquidated crossed crypto markets.

Data from monitoring assets CoinGlass enactment full 24-hour liquidations astatine implicit fractional a cardinal dollars astatine the clip of writing.

“$BTC went close through,” trading commentator TheKingfisher summarized successful portion of a absorption connected X.

Popular trader Daan Crypto Trades concluded that Bitcoin would either proceed to scope oregon interruption retired into terms find next.

“BTC is inactive range-bound presently and volition request to either interruption retired into terms find oregon proceed to spell sideways to physique up much positions connected some sides,” helium told X followers astir the CoinGlass data.

“No large liquidity clump anyplace successful adjacent proximity close present to spell off. Focus lies connected alts for galore marketplace participants.”

Anticipation of caller all-time highs for the apical altcoin, Ether (ETH), continued to physique connected the day, with ETH/USD reaching its highest levels since December 2021 — less than $150 distant from uncharted territory.

Both Ether and Bitcoin fielded accrued organization interest. As Cointelegraph reported, blockchain exertion steadfast BitMine announced a $20 cardinal fundraising round to acquisition ETH, portion organization entities made up 75% of Coinbase trading volume connected Tuesday.

$126,000 “pivotal” for Bitcoin going forward

In further bully quality for the bulls, fashionable trader and expert Rekt Capital said that $120,000 was present BTC terms support.

“Bitcoin has afloat confirmed its breakout from the Bull Flag and turned the $120k level into caller support. Bitcoin has entered inclination continuation, with a accidental astatine challenging caller All Time Highs soon,” helium wrote connected the day.

Rekt Capital added that $126,000 would beryllium the “pivotal” terms constituent to watch.

— Rekt Capital (@rektcapital) August 13, 2025

For Ether, helium said, $4,631 would beryllium the enactment level required to substance an excursion into terms discovery.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

View source