Here’s Where Bitcoin Traders Hope BTC Will Bounce After $125,000 Record
The post Here’s Where Bitcoin Traders Hope BTC Will Bounce After $125,000 Record appeared on BitcoinEthereumNews.com.
Key points: Bitcoin begins a retracement after hitting new all-time highs above $125,000. Sunday trading produces BTC price volatility as traders eye potential bounce levels. Institutions are on the radar as Bitcoin “debasement trade” talk heats up. Bitcoin (BTC) experienced fresh volatility as it approached Sunday’s weekly close, following a BTC price correction from all-time highs. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Analysis: 4% BTC price drop possible Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping back below $123,000. The pair hit new record highs above $125,000 earlier in the day, fueled by derivatives markets in unusual weekend trading. Commenting on the latest price action, popular trader Skew warned that the entire move to the upside may be “bait” for longs. “Passive shorts compounding here,” he observed in a post on X, referring to traders attempting to short price at the highs. “Shorts opening here on the consensus that the weekend pump is bait.” BTC liquidation heatmap (screenshot). Source: CoinGlass Data from CoinGlass showed liquidity on exchange order books being taken either side of price. Crypto market participants tend to view weekend moves, both up and down, as unreliable indicators of where the price will ultimately head next, due to a lack of market liquidity. Considering where the retracement may bottom, trader CrypNuevo eyed the 50-period exponential moving average (EMA) on four-hour timeframes, currently just above $118,000. “For the week ahead, I think we could see a 4h50EMA retest – it’s overextended and you can see the retests in previous similar Price Action,” he wrote in an X thread. “After that, we should see a new move up higher. Therefore, I’m still favoring longs over shorts from the 4h50EMA.” BTC/USDT four-hour chart with 50EMA. Source: CrypNuevo/X Popular trader and analyst Rekt Capital also used historical comparisons to chart future…
Filed under: News - @ October 6, 2025 7:29 am