Bitcoin

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<ul>
 <li>Bitcoin (BTC) blows through $70,000 value and continues an upward climb.</li>
 <li>Trader notices how Bitcoin (BTC) shorts are liquidated signalling a new ATH.</li>
 <li>Analyst explains how the bull run phase is yet to begin and teases major market movements soon.</li>
</ul>
<p>Bitcoin (BTC) surpasses $70,000 today nearing its previously set ATH of $73,737 set earlier in the pre bull cycle phase. Presently, the <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">price of Bitcoin is at $71,131</a> and one trader observes that all Bitcoin (BTC) have been liquidated indicating the arrival of the next new all-time high (ATH) for the pioneer crypto asset.</p>
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   <p lang="en" dir="ltr">All <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> shorts are liquidated.<br><br>A new all-time high is imminent <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f64c.png" alt="🙌" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/RUI8orDCaG" rel="noopener noreferrer nofollow">pic.twitter.com/RUI8orDCaG</a></p>— Vivek <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Vivek4real_) <a href="https://twitter.com/Vivek4real_/status/1792713642137546843?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 21, 2024</a>
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<p>According to this trader, seeing all shorts liquidated is a <a href="https://cryptonewsland.com/key-reasons-why-bitcoin-btc-may-hit-all-time-high-soon/" rel="noopener noreferrer nofollow">huge indicator for another ATH</a> for Bitcoin this cycle. Indeed, the excitement is palpable for the crypto market today as the community finally sees a window towards the next ATH to be as clear as day.</p>
<p>Meanwhile, another trader goes on to express how this movement is very bullish as the true golden bull run hasn’t even started yet. He marks how after each <a href="https://www.bitcoinhalving.com/" rel="noopener noreferrer nofollow">Bitcoin Halving</a> event, there is a brief period of accumulation before seeing any high market movements.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> / <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a><br><br>The real bull market hasn't even started yet.<br><br>After each halving, there's been a brief period of accumulation prior to seeing any major moves higher.<br><br>This is the golden pocket of opportunity for anyone with conviction to add to their bags prior to insane… <a href="https://t.co/okGfLjmxEQ" rel="noopener noreferrer nofollow">pic.twitter.com/okGfLjmxEQ</a></p>— K A L E O (@CryptoKaleo) <a href="https://twitter.com/CryptoKaleo/status/1792589575300235593?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 20, 2024</a>
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<p>This period is usually a golden opportunity for traders to accumulate potential tokens before the incredibly volatile market moves take place. He says that the upside of each major bull run has seen significant attrition from a post halving % growth perspective.&nbsp;</p>
<p>So far, he says each respective ATH move reduced 3.5x from the previous cycle meaning for this cycle the ATH for Bitcoin (BTC) could go up to <a href="https://cryptonewsland.com/80000-range-on-the-horizon-for-bitcoin-analyst-unveils-triggers-for-crypto-super-cycle-start-and-100000-btc-target/" rel="noopener noreferrer nofollow">$150,000 to $200,000</a>. He also says this is not FUD as adding a few trillion to the total market cap is a lot more bullish than adding a couple billion.&nbsp;</p>
<p>Adding on, he says that this type of money movement will see an incredible response from altcoins and dapps as well. In fact, he says mass retail participation is also yet to take place and concludes by saying the crypto bull run phase is just getting warmed up.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/btc-shorts-and-longs-liquidated-amid-cpi-data-release/" rel="noopener noreferrer nofollow">BTC Shorts and Longs Liquidated Amid CPI Data Release</a></li>
 <li><a href="https://cryptonewsland.com/sec-chairs-alleged-btc-shorts-manipulation-ignites-twitter-storm/" rel="noopener noreferrer nofollow">SEC Chair’s Alleged BTC Shorts Manipulation Ignites Twitter Storm</a></li>
 <li><a href="https://cryptonewsland.com/sbf-liquidates-huge-funds-via-new-address-after-bail/" rel="noopener noreferrer nofollow">SBF Liquidates Huge Funds via New Address After Bail</a></li>
 <li><a href="https://cryptonewsland.com/crypto-resilience-amidst-major-sell-offs/" rel="noopener noreferrer nofollow">Crypto Resilience Amidst Major Sell-Offs</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-and-ethereum-surge/" rel="noopener noreferrer nofollow">BTC and ETH Rally: $285 Million Liquidated in 24 Hours</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/all-bitcoin-btc-shorts-liquidate-signaling-new-ath-potential-before-the-official-start-of-the-cycle-bull-run/" rel="noopener noreferrer nofollow">All Bitcoin (BTC) Shorts Liquidate Signaling New ATH Potential Before the Official Start of the Cycle Bull Run</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

All Bitcoin (BTC) Shorts Liquidate Signaling New ATH Potential Before the Official Start of the Cycle Bull Run

Crypto News Land

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