Bitcoin Soars Past Major Liquidity Zone, $115K Just Around the Corner? 🚀💰

Oh, dear reader, it seems that Bitcoin has decided to play a rather daring game of leapfrog, hopping right over a significant liquidity zone. What a spectacle! 🎉 One can only wonder, what’s next for this enigmatic crypto asset? Will it continue its dance of defiance against the market’s gravity?

According to the wise sages at CoinGlass, who gaze into their mystical BTC orderbook heatmaps, liquidity is currently basking in the glow of the $109,500-$110,000 range. Quite the cozy spot, wouldn’t you say?

But wait, there’s more! Bitcoin, in its infinite wisdom, extended its recovery from the humble depths of $109,993 on Sept. 6, soaring to an impressive intraday high of $112,107 early Monday. At the time of writing, Bitcoin is up 0.85%, settling comfortably at $112,085. It’s as if the digital phoenix has risen from the ashes, leaving behind the pesky liquidity zone like yesterday’s news.

Now, for those of you who enjoy a bit of technical analysis, the next resistance level is set at the magical number of $115,000, just a stone’s throw away from the daily SMA 50. The hourly chart suggests that BTC might be forming a bullish inverse head-and-shoulders pattern, a classic setup that whispers of a potential surge toward the dizzying heights of $120,000. Can you hear the market’s heartbeat quickening? 🏃‍♂️💨

Bitcoin news

Traders, ever the vigilant night owls, are keeping a close eye on U.S. inflation reports, which could stir the pot for cryptocurrency prices. This week, the markets will be on tenterhooks, awaiting data releases that could serve as catalysts for digital assets. Producer and consumer inflation reports are due midweek, and the anticipation is palpable.

In a bold move that could shake the foundations of corporate adoption in Africa, South Africa’s Altvest Capital Ltd. plans to raise a whopping $210 million to buy Bitcoin and establish a crypto treasury reserve. The company aims to capitalize on Bitcoin’s stellar performance over the past year, during which it has surged by 95%, reaching an all-time high of $124,457 on Aug. 14, 2025. It’s a gamble, but one that could pay off handsomely. 🤑

And in more buying news, Metaplanet has just added 136 BTC to its treasure chest for a cool $15.2 million, or about $111,666 per Bitcoin. The company has already achieved a BTC yield of 487% YTD 2025, and as of Sept. 8, 2025, it proudly holds 20,136 BTC, acquired for a total of $2.08 billion at $103,196 per Bitcoin. Impressive, isn’t it? 🌟

2025-09-08 15:04

Bitcoin news

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