Bitcoin had a fairly incredible day on Friday, taking more than 5% to reach $ 117,300 after Jerome Powell Of the Federal Reserve has essentially suggested that they could reduce interest rates in September. It was a huge news that again enthusiastic everyone about the crypto.
Bitcoin has just confirmed the strongest inversion model
Bitcoin completed a reverse head and shoulders.
Confirmed withdrawal.
Escape is not a question. It is a countdown.The next leg will not stop at resistance.
He will send $ BTC directly in the discovery of prices. pic.twitter.com/7pym8oi2kf– Merlijn the trader (@merlijntrader) August 22, 2025
This decision was so strong that it completely wiped out the people who were betting against Bitcoin. About $ 379 million in short positions have been liquidated, which means that these traders have lost a lot of time when the price has increased instead of the decline as they waited.
What is really interesting is how it all started Bitcoin reaching fairly low levels earlier. The price fell at around $ 111,600 just before the start of this gathering, which some smart traders considered an excellent purchasing opportunity.
Michael Van de Poppeshort MN Capitalhad in fact told people to monitor this kind of move exactly. He said that the “upward trend is back” after Bitcoin swept these low levels, then immediately pulled higher. It is as if the market was just waiting for the right time to explode up.
Now analysts are becoming quite optimistic again. Some even speak of Bitcoin Potentially struck $ 200,000 before the end of this year, in particular with all the policy changes that occur around the retirement plans for cryptography.
Conclusion
Bitcoin’s big jump shows that Fed’s words can quickly move the prices of cryptography. When interest rates can drop, people are excited and start buying again.
Read also: Bitcoin high predictions
