Market Makers Shake Out Weak Hands; Bitcoin Targets $113,000- $115,000 Next ATH

A respected crypto analyst predicts a market correction followed by a surge in Bitcoin’s price as strong hands prepare for the next all-time high (ATH). The analyst suggests that recent price fluctuations may be attributed to market makers weeding out weaker players. This shakeout precedes an anticipated BTC price increase towards a new ATH target between $113,000 and $115,000. The analysis draws insights from market liquidity events such as large ETF outflows and liquidations in recent days, which triggered a decline in Bitcoin’s price before a subsequent rally to around $104,000. Analysts like Doctor Profit have previously observed this pattern of weak hands being purged during market corrections before prices rebound.