What is The Next Target for Bitcoin: $120k Loading?

Share IT

Bitcoin currently resides in a consolidation phase: technically oversold but not yet showing clear bullish reversal signals. The key resistance zone to watch is $114โ€ฏkโ€”a decisive breakout there could signal the next leg higher.

With institutional inflows, ETF momentum, and a favorable macroeconomic backdrop (especially anticipated rate cuts), the stage is set for potential upside through Q3โ€“Q4 2025.

For on-demand analysis of any cryptocurrency, join ourย Telegram channel.

Bitcoin Next Target

  • Price: $106,017
  • 24h Range: $105,802 โ€“ $107,772
  • Market Cap: โ‰ˆ $2.10โ€ฏtrillion (price ร— circulating supply)
  • Circulating Supply: ~19.75โ€ฏmillion BTC
  • Total Supply: Capped at 21โ€ฏmillion BTC
  • 1โ€‘Month High / Low: Recent high ~$111,000; low ~$90,000
Bitcoin Next Target

Almost touched the gap area, ready for a bounce back.

The intraday high is 107772.0 USD and the intraday low is 105802.0 USD.

Technical Indicators

  • MACD: โˆ’455.5 (negative territory, sloping down) โ€“ short-term bearish
  • RSI (6): 29.8 โ€“ oversold zone; RSI (14): 32.0 โ€“ borderline oversold
  • EMA: Price below shortโ€‘term EMAs โ€“ signals bearish momentum
  • ATR / Volatility: Elevated trading volume indicates higher volatility

Latest News Overview

  • Bullish Forecast: Ed Campbell (Rosenberg Research) sees upside: a break above $114K could trigger 25% gains toward ~$143K.
  • Institutional Expansion: Philippe Laffont anticipates BTC market cap doubling to $5โ€ฏtrillion in five years.
  • Corporate Treasury Shift: Anthony Pomplianoโ€™s $1โ€ฏbillion ProCap Financial plans to adopt MicroStrategyโ€‘style treasury strategies via lending and derivatives.

Summary

FactorStatusImplication
MACDNegativeBearish momentum
RSI30โ€“32Oversold w/ bounce potential
Key Res.~$114KBreakout target for rally
FundamentalStrongInstitutional growth, treasuries

For on-demand analysis of any cryptocurrency, join ourย Telegram channel.


Share IT
Harsh Panghal
Harsh Panghal

Get Daily Updates

Crypto News, NFTs and Market Updates

Can’t find what you’re looking for? Type below and hit enter!