Bitcoin traders are looking towards higher levels after a $115,000 liquidity grab. Fundstrat’s Tom Lee predicts Bitcoin could hit $250,000 by year-end. BTC recovered sharply, with daily gains surpassing 2% as it reached $118,300 on Bitstamp. Traders prepare for a fresh attack on all-time highs, with institutions buying the dip.

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $118,300, up $3,700 from weekly lows. Bitcoin filled the CME gap at $115,000, impressing traders. Liquidity was taken with the move above $118,000, with the next major cluster at $120,500. If $120,000 is broken, a liquidation squeeze could drive prices to $124,000.

Fundstrat’s Tom Lee believes Bitcoin could climb to $250,000 by the end of 2025, valuing it at 25% of the gold market. Lee argues that Bitcoin could be undervalued as “digital gold” and should be worth over $1 million per BTC. Other analysts also predict BTC could reach above $200,000 by year-end.

Read more at Cointelegraph: Bitcoin Price Reclaims $118K Liquidity as BTC Traders Hope For New Highs Next