Bitcoin ($BTC ) Price Analysis: Can Bulls Push Toward $125K Next?

Bitcoin’s rebound has slowed after touching $111,247, with the price now hovering around $111,051. The move caps a volatile week: BTC dipped to $107,250 on Monday before rebounding above $109,000, and then pushed past $111,000 on Tuesday.

Key Support and Resistance

Support: $105,000–$107,000 remains critical. A break below this zone could trigger a deeper correction.

Resistance: $BTC must reclaim $117,570 to invalidate the risk of a double top forming over the past seven weeks.

Veteran Trader’s View

Peter Brandt sees potential for one last surge toward $125,000–$150,000, but warns time is running out. His caution is rooted in supply pressure—large sell orders hint at distribution, the classic setup for market tops.

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