news 
Bitcoin has just hit a fresh all-time high, surpassing the $122,000 mark and is now eyeing $125,000 in liquidity sweep. This comes as a surprise to many analysts who predicted a slowdown or even a correction after the recent rally. However, it seems that Bitcoin’s momentum shows no signs of slowing down anytime soon.
According to data, Bitcoin has broken into the $122,000 zone with a strong 2.42% intra-day move, marking its most aggressive rally in the current cycle so far. Just a week ago, BTC was trading within a narrow range of $109,000-$110,000, but has since surged nearly 12%, outpacing even the post-election breakout.
The indicators are also showing signs of an ongoing rally, as opposed to past highs where the MACD flipped bearish shortly after. The RSI is grinding higher in tandem with price, suggesting that this rally isn’t running on fumes. This technical divergence matters significantly.
Moreover, it appears that a significant number of accounts remain net short, reflecting persistent disbelief. With over 65% of accounts holding shorts, the nearest short liquidity pocket sits at $123,317, with a staggering $52 million stacked. If this technical divergence holds, it’s possible that Bitcoin could be setting up for a classic short-side liquidity sweep into that zone.
It is also worth noting that all-time highs are stacking up as Bitcoin eyes its next liquidity target. This surge is backed by billions flowing into ETFs, strong HODLer conviction, and a wave of short liquidations keeping momentum alive. Furthermore, CryptoQuant data shows that we’re not yet in full-blown euphoria, underscoring the technical divergence.
In essence, risk appetite remains elevated with sentiment anchored in greed but not yet tipping into mania. As such, it’s likely that Bitcoin will continue to target the $125,000 mark next.
Source: ambcrypto.com
