- Bitcoin short position liquidations have pushed BTC price f $64,000.
- This along with China’s expected $140 billion liquidity injection fuels bullish sentiment.
- POPCAT celebrates a new ATH of $1.05 as the crypto market turns to greedy green.
Bitcoin has surged past the $64,000 price level and the crypto community is in a frenzy over the latest market news. Positive winds have changed the course of Bitcoin’s near future and analysts no longer believe $220,000 will be the cycle top this bull run, instead, many analysts are back at the charts to share an even higher bullish prediction for Bitcoin.
Short Position Liquidations Pump Bitcoin Price
For instance, one of the biggest positive market news that has turned Bitcoin more bullish is the $140 billion liquidity injection flowing in from the People’s Bank of China. This paired with the surge in Bitcoin’s price caused by the liquidation of short positions has finally pushed the Crypto Fear and Greed Index into the greed level of a 59 score.
This is another green sign considering we are just a few days from entering what is expected to be a highly bullish Q4 for crypto this year. As a Bitcoin Halving year, Q4 is always bullish but if September closes above $59,000, Q4 is set to be even more bullish than expected. So far, investor optimism field a higher potential for the continuation of a bullish trend for BTC.
BTC Pump Fuels Altcoin Growth, POPCAT Sets New ATH
This sentiment is further seeping into altcoins and the expectation for a bullish altseason to begin is now closer than ever. Many altcoins are already showing bullish indicators in their price charts like a head and shoulders pattern and cup and handle pattern. Assets like JASMY, XRP, ADA, SHIB, and DOGE are preparing for a massive pump.
Meanwhile, assets like FET and POPCAT are already on the rise. POPCAT, in particular, is up by 14.5% at the price of $1.05. The Solana-based memecoin has just set this new ATH showing an influx of investor interest which will slowly seep into the greater crypto market.
