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Bitcoin (BTC) Breaks Past Major Liquidity Zone, $115,000 Imminent?

Mon, 8/09/2025 - 11:30
Bitcoin extended recovery to $112,107
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Bitcoin (BTC) Breaks Past Major Liquidity Zone, $115,000 Imminent?
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Bitcoin has just surpassed a major liquidity zone, raising questions about what comes next for the crypto asset.

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According to CoinGlass, based on the BTC orderbook heatmap, liquidity is concentrated around $109,500-$110,000.

Bitcoin extended its recovery from a low of $109,993 on Sept. 6, reaching an intraday high of $112,107 early Monday.

At press time, Bitcoin was up 0.85% to $112,085. The move has surpassed the $109,500 to $110,000 liquidity zone indicated by on-chain data, with traders now envisaging what comes next for the crypto asset.

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On the upside, the next resistance lies at $115,000, which is near the daily SMA 50. The hourly chart indicates that BTC might be forming a bullish inverse head-and-shoulders pattern, a classic reversal setup, suggesting a potential surge toward $120,000.

Bitcoin news

Traders are closely watching U.S. inflation reports, which could influence cryptocurrency prices. This week, the markets will be watching data releases for upcoming catalysts for digital assets, with producer and consumer inflation reports due midweek.

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In a key move for corporate adoption in Africa, South Africa's Altvest Capital Ltd. intends to raise $210 million to buy Bitcoin and create a crypto treasury reserve, seeking to benefit from Bitcoin's surge over the past year. Bitcoin has increased by 95% in the last 12 months, reaching an all-time high of $124,457 on Aug. 14, 2025.

In buying news, Metaplanet has just acquired 136 BTC for $15.2 million at nearly $111,666 per Bitcoin and has achieved a BTC yield of 487% YTD 2025. As of Sept. 8, 2025, the company holds 20,136 BTC, acquired for nearly $2.08 billion at $103,196 per Bitcoin.

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