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Bitcoin traded above the base cost of short-term holders at $114,000, indicating a recovery in demand and potential for new gains.

Analysts stated that Bitcoin could continue its upward trend, with targets above $150,000.

The price of Bitcoin

BTC

€96,481

recovered the level of $115,000 on Monday, regaining some of the losses from the historic mass sell-off on Friday, which caused over $20 billion in liquidations on centralized exchanges.

Bitcoin bulls attempt three support changes

Bitcoin may have experienced an impressive rally from around 109,000 dollars at the beginning of the week, but the bulls are still not safe.

Analyzing the current market structure, Alan points out a group of simple moving averages (SMA) that have merged into a small zone.

The 21, 50, and 100-day SMAs are now in the same place, which just happens to be where the spot price is currently moving.

"Right now they are very close together," he said during a video update posted on X.

The co-founder of the cryptocurrency exchange and derivatives trading platform BitMEX, Arthur Hayes, stated that people who buy bitcoins with the intention of getting rich quickly are "liquidated".

"If you thought that by buying bitcoin you were going to buy a Lamborghini the next day, you have probably already been liquidated, because that is not the right way to think," he emphasized.

"I feel sorry for those who bought bitcoin 6 months ago, but anyone who bought it 2, 3, 5, or 10 years ago is laughing today," he said in reference to the frustration some people have who are waiting for the value of the cryptocurrency to be at US$ 150.000.

It is important to highlight that bitcoin is trading below its all-time high price of US$ 124.100, which it reached on August 14 of this year. However, currently, the cryptocurrency is at 115,890 dollars.

On the contrary, the bears will try to defend the level of 116,000 dollars and push the price down. A key area of interest is between 114,500 dollars, where the 50-day simple moving average (SMA) is currently located, and 112,200 dollars, covered by the 100-day SMA.

Another important area extends from the local minimum of 107,200 dollars (reached on September 1) to the psychological level of 110,000 dollars.

Bitcoin "is now pushing towards the previous monthly open," said the pseudonymous trader KillaXBT in an analysis on X, referring to the August open around 115,700 dollars.

Bitcoin is in the midst of a typical correction phase after reaching all-time highs, according to Glassnode.

For the correction to exceed the exhaustion of sellers, the price of BTC must drop to nearly 104,000 dollars.

Short-term holders are experiencing significant changes in their profits within the current price range of BTC.

through an article he published on his social networks, McGlone raised the possibility of a drastic crash in the price of BTC, bringing it down to the mark of $10,000, in a much more cautious view of the immediate future of the cryptocurrency.

According to the Bloomberg expert, the perception of Bitcoin as a "digital gold" or a safe haven has decreased considerably. Instead of replicating the behavior of precious metals, Bitcoin's current performance increasingly resembles that of the S&P 500 index, he indicated.

Could Bitcoin escape its predicted bear market?

Bitcoin is facing a new reckoning as the bull market endures its latest correction of 15% from all-time highs.

Amid doubts about the future, Wedson sees the possibility of a new bear market starting in October.

By uploading charts of his so-called "fractal repetition cycle" to X, he showed that the BTC/USD pair is approaching the moment when, historically, bear markets take control.

Bitcoin is falling below a critical multi-year trendline support, raising fears of a bear market.

One analyst, however, sees the break as a false breakout, suggesting that drops below $100,000 will serve as a buying opportunity.

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Ether traders are divided on when all-time highs will be reached

Bitwise's Chief Investment Officer, Matt Hougan, recently stated that treasury and holding companies of Ether have resolved the narrative issue of Ethereum by presenting the digital asset in a way that traditional investors can understand.

Kennis predicted that Ether will reach new highs in the coming weeks or months, as long as "the flows remain bullish."

Some cryptocurrency traders speculate that it could happen sooner.

Cryptocurrency trader Ardizor said on Thursday that Ether "will reach its all-time high in a matter of days." Just a week earlier, cryptocurrency trader Pentoshi stated on August 7 that a "new all-time high will likely be reached very soon."

For its part, the sentiment platform Santiment said that retail traders do not believe the rise of Ether will last, but that doubt is contributing to the price increase, as prices tend to move in the opposite direction of retail traders' expectations.

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The price of Bitcoin has steadily increased, surging approximately 4% in the last seven days. This trend reflects an improvement in market sentiment and growing optimism among investors.

As momentum builds, key on-chain indicators signal the possibility of a sustained rally in the upcoming trading sessions.

Bitcoin miners remain strong

Bitcoin miners have resumed accumulation, with the miner reserve of the currency reaching a weekly high of 1.8 million BTC.

The increase in activity on Ethereum has a direct impact on the price of its ether (ETH), its native currency. Each transaction requires ETH to pay for gas, which creates a demand for the asset.

If this situation continues, it will be bullish for the price of ETH, which at the time of this publication is trading above $3,800.

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Ether price from 2021 to August 7, 2025. Source: TradingView.

Vincent Liu, director of research at Kronos Research, highlights that interest in Ethereum is driven by the United States' efforts to achieve regulatory clarity for cryptocurrencies and institutional accumulation, one of the market trends.

market 💹 in green

The new whales took advantage of the $120,000 threshold to liquidate positions, showing a selling pressure that has not diminished the market's resilience.

In the graph on the left, which shows the realized gains and losses of bitcoin, the purple bar representing "Realized Gains" shows a significant peak in July 2025 (area marked as 3.), which is clearly comparable in magnitude to the peaks observed around March 2024 (area marked as 1.) and December 2024 (area marked as 2.). The new whales led the liquidations when the price surpassed $120,000.

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