As Bitcoin (BTC) inches approach a potential new all-time high, perhaps $120,000, analysts note that the current bull market may be approaching its final stretch.
According to MasterAnanda, Bitcoin faces a final major resistance level before it enters the discovery of all prices.
This level can curb current rallying and could continue in the second half of 2025 with a market leader and recession. TradingView Posted on May 18th.
Masterananda We have identified resistance zones between $120,000 and $130,000. This is a level that matches predictions from fellow analysts. Trade shotas reported by Finbold, we expect Bitcoin to reach $130,000 by June 2025.
However, a significant mid-cycle fix in this range could curb the possibility of Bitcoin gains. To ensure that cryptocurrency reaches its potentially full target of $180,000 to $220,000, trading experts have suggested that meaningful pullbacks ideally generate a range of $150,000 to $160,000.
Based on his outlook, Bitcoin’s Bull Run could be extended until November 2025, giving the market a further six months of upward momentum before the bear stage could potentially bear.
“We are still in May #5 and the minimum expected growth until November #11 gives six months is a very long time to be straight for six months.
Bitcoin play is over $200,000
In addition to the bullish outlook, pseudonym crypto analyst thescalpingpro In a May 18th X post, we predicted a cycle peak of $207,701.
The target is based on historical trends and technical indicators, particularly Fibonacci’s expansion levels.
In previous bull markets, Bitcoin peaked with a 3.618 Fibonacci expansion. Currently, BTC is below the 1.618 level, with the next major resistance at nearly $154,522 on the 2.618 expansion.
If this level is violated, analysts expect the 3.618 level ($207,701) to act as the final resistance.
Bitcoin price analysis
At this point, Bitcoin is trying to regain resistance levels of $105,000. This is important in setting the greatest new history, surpassing the previous record of nearly $110,000. As of press time, BTC is trading at $104,665, an almost 2% increase over the past 24 hours.
Market sentiment and technical indicators remain bullish, but caution is needed, especially if momentum indicators, including the 14-day relative strength index (RSI), approach an over-acquisition threshold at 67.
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