8 hours ago
Bitcoin copies moves which led to its latest all-time highs, but investigation warns that the way to terms find volition not beryllium easy.
Key points:
Bitcoin breaks done its volume-weighted mean terms (VWAP), echoing the rebound from April’s sub-$75,000 lows.
Stocks spot caller all-time highs arsenic markets digest the Fed complaint cut.
Liquidity suggests that volatility is incoming arsenic BTC terms targets $118,000.
Bitcoin (BTC) eyed $118,000 astatine Thursday’s Wall Street unfastened arsenic stocks deed caller all-time highs.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
Bitcoin breakout sets the signifier for caller all-time highs
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating regular gains supra cardinal resistance.
The archetypal US trading league aft the Federal Reserve enacted its first interest-rate chopped of 2025 saw some the S&P 500 and Nasdaq Composite Index deed caller records.
BTC/USD vs. S&P 500 one-day chart. Source: Cointelegraph/TradingViewReacting, trading assets The Kobeissi Letter saw the risk-asset uptrend continuing into adjacent year.
“2025 present marks the 3rd twelvemonth since 1996 wherever complaint cuts person happened with the S&P 500 astatine grounds highs. The erstwhile 2 years? 2019 and 2024,” it observed successful portion of its latest analysis connected X.
“When the Fed cuts rates wrong 2% of each clip highs, the S&P 500 has risen an mean of +14% successful 12 months.”
XAU/USD one-hour chart. Source: Cointelegraph/TradingViewGold saw further volatility aft beating all-time highs of its ain the time prior, with $3,700 the level successful focus.
Bitcoin bulls meantime attempted to cement $117,000 arsenic enactment portion staring down the last artifact of absorption earlier terms discovery.
$BTC - #Bitcoin is looking truly absorbing close now.
It’s trying to reclaim the ~$117K level.
Once we summation this level the mode to $120K is unfastened successful my opinion.
However: Last clip we rejected this level and came each the mode backmost to the airy bluish zone. pic.twitter.com/zHxQzst0V4
Caleb Franzen, creator of fiscal probe assets Cubic Analytics, saw BTC/USD repeating a bullish signifier from May.
Then, arsenic now, terms broke supra its volume-weighted mean (VWAP) arsenic measured from its latest all-time high.
“It's astir similar bully things person happened since Bitcoin broke supra its anchored volume-weighted mean terms from the ATHs,” helium summarized connected X alongside an explanatory chart.
BTC/USD one-day illustration with VWAP data. Source: Caleb Franzen/XWarning implicit BTC terms “exit pump”
A connection of caution came from speech order-book analysis.
Related: Bitcoin terms gains 8% arsenic September 2025 connected way for champion successful 13 years
Trading assets Material Indicators was among those informing that liquidity was gathering astir price, perchance opening the doorway for volatile moves.
“While I consciousness similar the macro is solidly bullish and the apical isn't successful yet, this presently feels much similar a abbreviated word exit pump, than accumulation. Time volition tell,” portion of accompanying commentary stated.
Earlier, Cointelegraph reported connected thickening order-book liquidity, with $116,500 and $119,000 the levels to watch.
BTC/USDT order-book liquidity information with whale activity. Source: Material Indicators/XThis 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.
English (US) 