Key Points:
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Bitcoin sees a fresh increase in front of Wall Street, and sees $117,000.
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Sub-price liquidity will be thicker and lead to concerns that prices could still be “deleted.”
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Gold continued to hit its all-time highs, and Bitcoin finally tried to follow its trajectory.
Bitcoin (BTC) approached $117,000 on Wednesday as the Bulls continued to avoid BTC price adjustments.
Bitcoin Bulls avoid liquidity tragedy
Data from Cointelegraph Markets Pro and TradingView confirmed a new local high of $116,593 on BitStamp.
After rising 5.2% in September and closing 6.3% in the third quarter, BTC/USD next attracted the highest ever new forecast.
“The next major resistance is around $117,500. Once BTC gets it back, we’ll gather towards a new ATH,” Crypto analyst and entrepreneur Ted Pillows wrote in part of his latest X analysis.
Pillows focus on key areas of liquidity in exchange order books, meaning these can be as easily forced downward as they drive prices high.
$ BTC Currently there are two decent liquidity clusters.
One is at the $107,000 to $108,000 level, with long liquidation at the $8 billion level.
The other is a short liquidation of $7 billion, at the level of around $118,000 to $119,000.
Which do you think will happen first? pic.twitter.com/8dbuyqmouj
– Ted (@tedpillows) October 1, 2025
The previous day, liquidity to the downsides prompted trading resource TheKingfisher to warn of an imminent market correction.
“A large, long-lived building just below current prices. This is fuel. Prices are often drawn into these zones. A lot of retail leverage is about to be flushed,” he told X-followers.
As Cointelegraph continues to report, purchase order liquidity often results in a “fake out” in either direction of Bitcoin.
Coinglass data shows that at the time of writing a 24-hour cryptographic settlement totaled $400 million.
Another greatest ever for another day, money
Bitcoin’s latest show has come parallel to gold’s greatest repetition ever.
Related: $108K BTC Price PingPong: 5 Things You Need to Know About Bitcoin This Week
Precious metals, which have been seen for a year of roaring, have reached a fresh record of $3,895 per ounce.
Bitcoin traders have long requested that the BTC/USD pair replicate gold performance. As reported by Cointelegraph, this week we have one estimate called the eight-week delay to begin that imitation movement.
Popular trader HTL-NL uploaded a gold-priceeded Bitcoin chart in an attempt to break through major long-term resistance.
$ BTC With money. pic.twitter.com/xhvxmk655a
– htl-nl🇳🇱 (@htltimor) October 1, 2025
Meanwhile, Andre Dragosch, European research director at Crypto Asset Manager, sparked a blaze at Gold’s rally.
“Think of FWIW-Larry as long in the teeth now,” part of the X-Post claimed that Dragosh “is thinking of too many herds and groups for money now.”
“It could be the beginning of the risk of rallying and rotation into Bitcoin,” he concluded.
This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.