$BTC BTC tying to push price upward movement and if it's Breakout the $120K-$122K Price Level area than it could be reached $128K - $136K price level area.
I'm guess it will be happened. Always Pattern indicate and say price movement of Bitcoin. I was many Prediction of popular coin and i will succeed in 2025. I'm long term analyst of long term investment of Traders.
🚦From News: Bitcoin Holds Firm Above $115K Support as Charts Point Toward $150K Target
Bitcoin holds above $115K support with charts pointing to a potential $150K Elliott Wave target.
Hashrate hits all-time high as energy value model places BTC valuation 45% above current price.
U.S. policy shift enables 401(k) crypto access, opening a $9 trillion market for Bitcoin adoption.
Bitcoin has held firm above the $115,000 support and is now showing signs of a large move on the charts. Price patterns and rising adoption trends are aligning as BTC prepares for a possible rally. At the time of writing, BTC was trading at $116,620, showing steady upward momentum.
Technical Structure Points Toward Upside Continuation
According to an analysis prepared by Lau, Bitcoin has taken the $115,000 support and may be preparing to break its all-time high. On Binance, the BTC/USDT daily chart displays a breakout from resistance near $116,438.79. The price reached a new high before retracing to $111,917.37, where it found support.
BTC’s price structure continues to show higher lows, aligning with the Elliott Wave pattern that targets $150,000. Key support levels remain at $98,385.45 and $89,326.51, confirming a strong technical base. According to Daan Crypto Trades, Bitcoin is steadily rising toward the $120,000 zone, where a cluster of stop losses and liquidation points may fuel further upside.
The current bullish flag formation is still intact, supported by the 50-day SMA at $113,154. The RSI has moved to 54, indicating recovering momentum without being overbought. Analysts view a break above $117,350 as a key signal for another upward push.
On-Chain Metrics and Market Drivers Support Growth
Bitcoin’s energy value stands at $167,800, which is around 45% above the current market price. According to Charles Edwards, founder of Capriole Investments, “Hash rates are flying and Bitcoin Energy Value just hit $145K.”
This model links BTC’s value to miner energy inputs and network security. Bitcoin’s hashrate reached an all-time high of 1.031 ZH/s on August 4, based on data from Glassnode. Alongside this, adoption is growing in the U.S. market.
President Trump’s policy allowing 401(k) crypto inclusion has opened a $9 trillion market. Crypto-linked equities and ETFs have also seen strong inflows, supporting long-term price action.
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