US EditionOn-Chain Data Tips Bitcoin To Peak At $120,000 – But On This Condition
- Bitcoin trades near its all-time high of $108,786 as of May 2025, with analysts predicting a potential rise above $120,000.
- This outlook follows Bitcoin entering the concluding stage of the Wyckoff Accumulation pattern, alongside Tether generating $2 billion in new USDT liquidity.
- The key resistance level is positioned at $105,000, and breaking above this threshold may lead to short sellers being forced to cover positions totaling approximately $23.65 million, while maintaining support at $90,000 is essential to sustain the upward momentum.
- Bitcoin spot ETFs saw $2.97 billion inflows in April 2025, up from $767 million outflows in March, while the market cap holds above $2 trillion amid increased off-exchange holdings.
- Overall, on-chain indicators and price stability suggest Bitcoin could reach new highs if it holds key supports and breaks resistance levels, indicating sustained bullish momentum ahead.
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11 Articles
Steady Climb Signals Strong Push To $115K — TradingView News - TECHTELEGRAPH
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Bitcoin is showing signs of calm after a wild ride earlier this year. The top cryptocurrency dropped sharply from a high of $109,000 in January to a low of $74,600 by mid-April. That’s more than $34,000 wiped out in just a few months. But things have shifted since then. Bitcoin climbed back, gaining over 30% and recently reaching $105,700. It’s been trading quietly between $101,000 and $104,000 over the past week. $10,000 Steps Keep Adding Up So…
On-Chain Data Tips Bitcoin To Peak At $120,000 - But On This Condition
Bitcoin prices have registered impressive gains in recent weeks amidst an ongoing price rebound. Since dipping below the $75,000 mark in mid-April, the asset’s price has jumped by over 37.5% to trade as high as $105,490. While the BTC market appears to be cooling off, renowned crypto analyst Ali Martinez has tipped the premier cryptocurrency to hit a market top of $120,000 before the current bull cycle runs out. CVDD Metrics Hint At $120k Peak,…
Bitcoin Could Hit $120K If $90K Support Level Remains Intact
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Bitcoin's Steady Surge Signals Potential To Reach 134000 By 2025
Bitcoin has steadily climbed from around $74,000 to nearly $105,000 since April, following a clear ascending channel pattern signaling a strong bullish trend. Key resistance milestones are projected at $114,000, $124,000, and potentially $134,000 by mid-2025 if the channel holds. Technical indicators like the Cumulative Value Days Destroyed (CVDD) suggest Bitcoin is in an accumulation phase, with crucial support around $90,000 sustaining momentu…
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