With bullish momentum on BTC’s side, crypto trader noted that a Bitcoin price target for $135,000 remains in “play” for 2025. Tracking its returns with respect to key high time frame resistance and support levels over the past two years, the forecast uses the Fibonacci extension tool, which identifies price targets by measuring previous price swings.
On the chart, the 1.618 Fibonacci level, drawn to a swing high from a swing low, aligns at $135,000–$140,000, identifying a potential target.
Veteran trader acknowledged BTC’s new high but pointed out that such milestones are “not technically significant” during bull markets. The trader said,
In comparison, technical analyst set a much higher price level between $300,000 and $320,000. Gert van Lagen pointed to Bitcoin’s breakout from a 4-year bullish Megaphone Pattern, marked by diverging trendlines with higher highs and lower lows, signaling a potential sharp uptrend after breaking the upper resistance.
Using Elliott Wave Theory, the analyst noted that BTC is in the final Wave 5 of an impulse cycle, supporting the bullish case for another 170% to 190% Bitcoin rally.
While the markets edge toward euphoria, Alphractal CEO João Wedson recommended caution and patience for investors. The analyst noted that BTC heatmaps reveal price movement toward high-leverage zones, suggesting market makers may target overconfident traders for liquidations. $ public obsession over new all-time highs could create traps for both bulls and bears. Thus, it is imperative to “always manage your risk.”