Bitcoin Bull Run May Resume: 5 Key Signals to Watch

Introduction
The cryptocurrency market is abuzz with fresh developments as Bitcoin shows signs of a potential bull run resumption. Analysts point out that after a dramatic $112K liquidity sweep, key signals indicate a turning point in market sentiment. This article breaks down the most critical Bitcoin news today and offers insights relevant for both seasoned investors and newcomers looking for crypto tax tips and guidance on building a crypto portfolio.

Understanding the Key Signals

• Bitcoin’s "Power of 3" Pattern: This technical pattern suggests that after a period of market manipulation and leverage reset, Bitcoin is poised for an upward target of $126,000.
• Massive Liquidations & Negative Funding: With $922M in liquidations accompanied by negative funding rates, the data signals short-term capitulation, possibly paving the way for a rapid rebound.
• Critical Price Levels: For bullish momentum to sustain, Bitcoin must reclaim and hold key support levels of $115,300 and $116,800, while $120K is emerging as a significant price magnet.
• Binance Metrics: Analyzing Binance's taker volume and open interest metrics reveals a discernible shift in market bias, suggesting a potential transition from bearish to bullish sentiment.
• Global Impact: As these technical cues emerge, global crypto news outlets are closely examining how these shifts will shape both local and international crypto regulation and investor sentiment.

Actionable Insights for Investors

For crypto enthusiasts aiming to fortify their investment strategies, staying updated with global crypto news is essential. Consider integrating these insights into your broader strategy:

• Monitor Key Price Levels: Regularly check Bitcoin’s progression around the $115K-$120K range to decide on entry or exit points.
• Diversify Your Portfolio: Use the current market dynamics to assess and rebalance your portfolio. Explore complementary assets and consider crypto tax tips to optimize returns.
• Stay Updated: Leverage trusted sources for ongoing updates and analyses to keep your strategies aligned with real-time market movements.

Conclusion
Recent signals in Bitcoin trading, including the “Power of 3” pattern and significant liquidation events, underscore the importance of vigilance in today’s volatile market. Whether you’re actively trading or building a long-term crypto portfolio, these insights are crucial for navigating the evolving landscape of cryptocurrency news.