Key points:
Bitcoin performs an anticipated $108,000 liquidity grab as shorts get punished.
BTC price targets include a return to all-time highs in the short term.
Geopolitical concerns refocus on the Russia-Ukraine conflict as Middle East tensions calm.
Bitcoin (BTC) built on its Middle East ceasefire relief bounce at the June 25 Wall Street open as price upside liquidated shorts.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
Bitcoin traders eye highs after $108,000 liquidity grab
Data from Cointelegraph Markets Pro and TradingView showed daily gains nearing 2% as BTC/USD reached $108,182 on Bitstamp.
Now up $10,000 versus local lows seen just three days prior, Bitcoin impressed traders, who began to prepare for a fresh attack on all-time highs.
“Bulls are in control,” popular commentator Matthew Hyland summarized in part of an ongoing analysis on X.
#BTC past $106.5k
$109k next
Bulls are in control https://t.co/mp3zBsQwX9 pic.twitter.com/Ibsaupn3YE
— Matthew Hyland (@MatthewHyland_) June 25, 2025
Earlier, Cointelegraph reported on expectations that price action would shift to take liquidity both above and below, with $108,000 and $103,000 the key levels in play.
The latest data from monitoring resource CoinGlass confirms that most high-leverage liquidity is being taken with the latest move higher.
“If we start showing signs of LTF exhaustion, this is an area BTC could have a LTF rejection,” popular trader Killa noted in part of an X reaction, referring to low-timeframe price activity.
BTC 24-hour liquidation heatmap. Source: CoinGlass
Other bullish signals came from Ichimoku Cloud analysis, with popular trading account Titan of Crypto reporting a breakout from the Kumo Cloud.
“If it clears the Fair Value Gap (FVG), the next stop could be $111K,” it predicted alongside an explanatory chart.
BTC/USDT 1-day chart with Ichimoku Cloud data. Source: Titan of Crypto/X
“Geopolitical volatility” focuses back on Russia
With further Middle East surprises absent, risk assets enjoyed modest relief on the day, with the S&P 500 and Nasdaq Composite Index up 0.2% and 0.5%, respectively.
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