Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Analysts Reveal Bold Bitcoin Price Prediction Amid Market Strength

Analysts Reveal Bold Bitcoin Price Prediction Amid Market Strength

Coindoo2025/05/21 00:01
By: Coindoo
BTC-0.07%
Analysts Reveal Bold Bitcoin Price Prediction Amid Market Strength image 0

Bitcoin’s recent price movement is painting a familiar pattern — and analysts say it could be pointing to much higher levels in the near term.

Since early April, BTC has been climbing in neat $10,000 increments, rising from $74,000 to its current range just under $105,000. This steady staircase-like rise has analysts speculating that Bitcoin is locked into an ascending channel — a structure that, if it holds, could set up price targets of $114K, $124K, and even $134K by early summer.

Technical analyst TradingShot shared this outlook in a recent post, highlighting how each breakout has followed a similar rhythm: resistance tested, broken, and replaced by a higher support zone. But the trend isn’t bulletproof — a break below the channel could see Bitcoin retrace to earlier support around $94K or $84K.

Analysts Reveal Bold Bitcoin Price Prediction Amid Market Strength image 1

Adding weight to the bullish thesis, analyst Ali Martinez pointed to the “Cumulative Value Days Destroyed” (CVDD) metric, a tool often used to identify long-term market tops and bottoms.

According to Martinez, Bitcoin remains in an accumulation phase, with key support holding near $90K — a level critical for sustaining momentum. His model suggests that $120,000 could be the next major milestone if BTC avoids a significant breakdown.

The next #Bitcoin $BTC market top could be at $120,000 as long as the $90,000 support holds! pic.twitter.com/1NAZaImvzH

— Ali (@ali_charts) May 17, 2025

At the moment, Bitcoin continues to hover near $105,000, consolidating after a powerful rally driven by ETF inflows and margin liquidations. Some analysts believe this current sideways action could be forming a bullish flag — a classic setup for another breakout.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!
Bitget Announcement2025/09/12 07:46
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
New spot margin trading pair — LINEA/USDT!
Bitget Announcement2025/09/11 10:04

Trending news

More
1
New spot margin trading pair — HOLO/USDT!
2
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,977.56
+0.63%
Ethereum
Ethereum
ETH
$4,714.23
+4.68%
XRP
XRP
XRP
$3.11
+2.15%
Tether USDt
Tether USDt
USDT
$1
+0.01%
Solana
Solana
SOL
$242.27
+3.99%
BNB
BNB
BNB
$927.18
+2.59%
USDC
USDC
USDC
$0.9999
+0.01%
Dogecoin
Dogecoin
DOGE
$0.2787
+7.05%
TRON
TRON
TRX
$0.3520
+1.12%
Cardano
Cardano
ADA
$0.9263
+2.92%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter