Bitcoin Surges Past $115,000 Despite $20 Billion Liquidations

Following a historic Friday crash that wiped out over $20 billion in leveraged positions, Bitcoin (BTC) has rebounded to surpass the $115,000 mark. Analysts attribute this surge to technical shakeout rather than any fundamental shift in Bitcoin’s value. Most predict BTC will hit $150,000 during this market cycle, believing the recent drop eliminated excessive leverage and paved the way for a gradual recovery.