🚀|| Bitcoin Breaks $117K – Bears Crushed as Bulls Eye Fresh All-Time Highs !

Bitcoin’s explosive move past $117,000 has left short traders reeling while analysts now argue the uptrend is firmly back on track. With the Federal Reserve signaling a dovish turn, BTC could be preparing for a historic rally toward $200,000 by year-end.

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✨ Key Highlights

📈 Bitcoin Surges to $117,300 after Fed Chair Jerome Powell hinted at an interest rate cut.

🔥 $379.88M in Shorts Liquidated, catching 150,000+ traders off guard.

💡 Analysts confirm: “Uptrend is Back” after BTC swept liquidity below $112,000.

🏦 Trump’s crypto-friendly retirement plan move fuels talk of $200K BTC by end of 2025.

🌐 ETH also shines, soaring nearly 15% to $4,760, as investor appetite returns.

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💥 Federal Reserve Spark Ignites Bitcoin

Bitcoin’s breakout above $117,000 came right after Jerome Powell’s Jackson Hole speech, where he hinted at a possible September rate cut. The announcement triggered a surge in buying, pushing BTC from its six-week low of $111,600 into a sharp rally.

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🔨 Bears Wiped Out – $629M Liquidations

Data from CoinGlass reveals:

💀 $379.88M in Bitcoin & Ether shorts liquidated

💀 $193M Ether shorts crushed amid a 15% pump

💀 $56.4M Bitcoin shorts wiped out

💀 150,217 traders liquidated in 24 hours

This wave of liquidations flipped market sentiment back to bullish, with the liquidation heatmap showing strong liquidity above $117K–$118K.

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📊 Analysts Declare: “Uptrend Is Back”

Michael van de Poppe (MN Capital Founder) highlighted BTC’s sweep below $112K as a perfect accumulation zone, calling the rebound proof that the uptrend has resumed.

Analyst Jelle warned of a possible short-term retrace but emphasized the market’s clear appetite for higher prices.

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🔮 Big Predictions for 2025

BitQuant Analyst: Bitcoin cycle top remains set at $145,000.

André Dragosch (Bitwise Europe): Trump’s plan to allow crypto in 401(k) retirement plans could supercharge BTC toward $200,000 by year-end.

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⚠️ Final Note

This rally proves one thing: Bitcoin remains the most dominant force in global markets. With macroeconomic winds shifting, institutional demand rising, and crypto-friendly policies on the horizon, the stage may be set for new all-time highs much sooner than many expected.

🔔 Caution remains key—volatility is back, and opportunities will favor prepared traders.

$BTC $ETH
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