Bitcoin (BTC) surged over 5.6% to cross the $42,000 mark, with technical analysts predicting further gains. Liquidations in the past 24 hours reached $43.35 million, with a put-to-call ratio indicating bullish sentiment. Analyst Ali Martinez noted a buy signal and a potential rise to $43,000, while Michaël van de Poppe suggested the crypto market cap could reach $2 trillion. However, some analysts, like CryptoCon and Altcoin Sherpa, remain cautious, suggesting a possible decline to the low $30,000s or further downside in the mid-term.