🔥🔥🔥 All Bitcoin ($BTC ) Shorts Liquidate Signaling New ATH Potential Before the Official Start of the Cycle #BullRun🐂


Bitcoin (BTC) Surpasses $70,000, Signaling New All-Time Highs

- Bitcoin (BTC) has surged past $70,000, continuing its upward climb and nearing its previous all-time high (ATH) of $73,737. Currently priced at $71,131, the market is buzzing with excitement as traders notice significant movements that suggest the arrival of a new ATH.

Liquidation of Shorts Signals New ATH

- A trader observed that all Bitcoin shorts have been liquidated, which is a strong indicator of a new ATH for Bitcoin in this cycle. This liquidation is seen as a clear sign that the market is poised for another significant upward movement.

Bull Run Yet to Begin

- Another trader highlighted that this bullish movement is just the beginning. After each #BitcoinHalving event, there is typically a period of accumulation before major market movements occur. This phase is considered a prime opportunity for traders to accumulate tokens before the market becomes highly volatile.

- The trader pointed out that each major bull run has historically seen a decrease in growth rate, suggesting that the ATH for Bitcoin in this cycle could reach between $150,000 and $200,000. He emphasized that adding trillions to the total market cap is far more impactful than previous gains of a few billion.

Impact on #Altcoins👀🚀 and #dApps

- This significant movement in Bitcoin is expected to trigger a substantial response from altcoins and decentralized applications (dapps). The trader also noted that mass retail participation has not yet fully commenced, indicating that the crypto bull run phase is just starting to heat up.

Conclusion

Bitcoin's break past $70,000 and the liquidation of shorts are strong signals of an imminent new ATH. As the market prepares for what could be a major bull run, traders and investors are watching closely, anticipating significant gains and market movements in the near future.

Source - cryptonewsland.com