The Bitcoin Volatility and Potential Breakout
The Bitcoin volatility has been on the rise in recent weeks, with the price fluctuating within a wide range. Despite some bearish interference, the price has been showing signs of bullish momentum by forming consecutive higher highs and lows. This has kept the bullish trajectory intact, with upper targets set at $90,000. However, traders remain uncertain, leading to equal liquidity piling up on both sides of the Bitcoin market.
Market Turbulence and Potential Breakout
The crypto markets managed to overcome the turbulence caused by Trump’s Liberation Day, with Bitcoin demonstrating resilience and hinting at a potential breakout. Following a minor upswing, bears have started pushing the price lower, bringing it back below $83,000. This constant price trend shift has raised skepticism among investors, resulting in liquidity accumulating with over 100x leverage at $80,000 and $82,000.
Coinglass data suggests a close match in volume, indicating a potential liquidity grab on the horizon. The piled-up liquidity points to the possibility of both a breakout and a breakdown, but overall market dynamics suggest that bulls are gaining more strength than bears. With US President Donald Trump announcing a significant rise in tariffs on other countries, traditional markets experienced a pullback not seen since 2020, while Bitcoin’s price has shown resilience against minimal bearish pressure.
Bitcoin’s Performance Against Nasdaq 100
Bitcoin has been breaking out against the Nasdaq 100, signaling strong bullish momentum for the entire crypto space. A chart comparing Bitcoin’s performance against the Nasdaq 100 shows the crypto breaking above key resistance levels in 2021 and 2025. This indicates stronger growth relative to tech stocks and a negative correlation between Bitcoin and Nasdaq 100 since late 2024. This suggests a potential market shift that could lead to a strong Bitcoin bull run above $100,000 towards new highs.
Overall, the current market conditions suggest a potential breakout for Bitcoin, with bullish momentum outweighing bearish pressure. The correlation with traditional markets and the performance against the Nasdaq 100 indicate a positive outlook for Bitcoin’s price movement in the near future.