Bitcoin to $115K next? Here’s why it’s not wishful thinking!

• Bitcoin regenerated $ 109,000, its highest wick in 20 days, launched a renewed Fomo.
• Is BTC set up for further sharp rejection or escape driven short grip?

Bitcoins [BTC] 2.93% increase in July 2. It may seem modest, but the day closed the day to $ 109,792 – the highest wick in the last 20 days. As a result, this movement launched a classic bull signal: FOMO.

The chain data shows that 25 812 new addresses He appeared in a single day and intended for the first time with the net. This is 8.17% jump on day day, which indicates fresh monthly maximum.

This momentum could be a key catalyst.

When the BTC approaches the main overlap of supplies, opportunistic shorts are beginning to circle.

If the beliefs are true, it could prepare a way for an even deeper bear trap – the one that could run the BTC directly into the $ 115,000 liquidation zone.

Bitcoin is pushing into resistance

The Bitcoin Action begins to feel familiar, almost too well -known. After the BTC has added to $ 111,000, now for just a month it makes its second run at this level and looks at the potential escape to the discovery of prices.

The first test saw that BTC rejected hard to $ 110,350, which launched a fast 10.8% drawing for two weeks. Now with 67% of Binance accounts Beveled shortLate bears seem to be betting on a similar result.

Open interest is now approaching caution, now $ 78 billion is approaching.

Coincidentally, this is the same increased level that preceded the last cascade by liquidation when the liquidity of liquidity of $ 10 billion, I hit the marketNtensification 10.8% BTC image.

Meanwhile has the purchase/sale ratio of the recipient fell 3.71%, a clear sign that aggressive purchases will cool down just as BTC repeats historical resistance.

With the signals on the string reflecting the settings from the last month, the shorts seem to be accuracy and tactically load on the next leg down.

In this case, Bitcoin’s reclamation of $ 109,000, which is formed as repeated settings for additional two -digit pumping, or the perfect pressure point for violent upwards?

Can Bulls a script turn over this time?

Historically, it requires a combination of the influx of driven Fomo and long -term beliefs to break the main resistance in the Bitcoin price action. In fact, this mix could form again.

The activity on the chain shows an 8% increase in the creation of new addresses, along with $ 407 million in BTC ETF tide And the growing proportion of the offer held by STHS, which shows fresh capital and renewed optimism entering the market.

But below the surface, the foundation looks even stronger.

According to Glassnode, long -term holders (investors who held BTC for more than 155 days) now own a record 14.7 million coins. Remarkable is that most bitcoins purchased during a $ 100,000 escape did not move.

This lack of distribution at local taps assembles available supplies available in stronger hands, while the capital of the controlled retail starts to turn back. The settings indicate the classic liquidity press.

That level of $ 115,000? Sitting on top of nearly $ 6 billion short exposure. If the current dynamics hold, the bulls could use this clump of liquidity as a fuel for another escape leg.