Bitcoin just smashed through the $93,000 barrier for the first time ever, and it’s been a wild ride. In the process, more than $711 million in trades, mostly shorts got liquidated.
When omega candle?
In just the last 24 hours, $711,340,000 worth of positions were wiped out, with short positions on BTC taking the biggest hits.
Binance, the world’s largest crypto exchange, saw the most liquidations, followed closely by OKX and Bybit.
After peaking at around $93,400, Bitcoin has pulled back slightly and is currently trading around $90,000. That’s still a solid 5.5% gain in the past day and 24% increase over the last week. Nice!
With Bitcoin entering a phase of price discovery, traders and analysts are buzzing with excitement about where it might go next.
Pseudonymous analyst Dave the Wave shared with his followers that he believes Bitcoin is gearing up for some serious gains.
He predicts it could soar past $100,000 and potentially reach as high as $130,000 in what he calls a parabolic spike.
“The numbers are getting big but still technically solid. A run to the top of the channel would see BTC break that all-important six-figure barrier. Once that’s broken, we could really see a parabolic spike!”
Kiyosaki’s cautionary and weird take
Robert Kiyosaki, author of Rich Dad Poor Dad, is also in on the action. He recently announced his plans to keep accumulating Bitcoin until it hits that $100,000 level.
On X, Kiyosaki advised that once BTC reaches this price point, it’s wise to pause and not get too greedy.
But he also predicted million dollar prices too, so it’s a little unexpected that he talks about pause.
„Always remember… hogs get fat… pigs get slaughtered. Don’t be a pig.”
One million dollar
BitMEX founder Arthur Hayes also chimed in with his own prediction. He believes that under Donald Trump’s incoming administration, we could see a massive quantitative easing initiative that might push Bitcoin all the way to $1 million.
Hayes argues that QE will be necessary to implement Trump’s “America First Plan,” which wants to boost the money supply so banks can more easily provide loans to companies focused on bringing critical industries back to American soil, think shipbuilding and semiconductor manufacturing.
