The leading cryptocurrency continues to push its peaks upward, now exceeding $108,000. Experts have discussed the possibility of reaching a target of $110,000 before the year ends, but given the ongoing rise, even higher levels seem attainable.
Bitcoin (BTC)
Bitcoin 
$77,196‘s price is surging quickly ahead of the upcoming Fed interest rate announcement. At the time of writing, the price has surpassed $108,250 and continues to climb, targeting $110,000. However, it is essential for traders to remember that such rapid increases can lead to significant liquidity hunts and subsequent declines.
Bulls have demonstrated their belief in higher peaks by maintaining support at $104,000 following resistance at $102,500. Although QCP does not anticipate significant gains by the year’s end, the current outlook indicates the potential for a new cycle peak between $110,000 and $120,000.
In the last 24 hours, $159 million in short positions were liquidated, bringing total liquidations to $314 million. Ethereum (ETH) 
$2,421 has yet to embark on a new peak above $4,000 that would inspire altcoin optimism. Open positions in futures increased by 3%, while spot market volume rose 15%, surpassing $200 billion.
