$BTC Bitcoin shows hidden bullish divergence in the MACD signaling strong upward momentum.
Institutional demand is increasing with rising open interest in futures and ETF flows.
Bitcoin is projected to reach $175,000 by September 2025 amid strong on-chain optimism.
Bitcoin is currently trading at $104,664.05, showing signs of strong momentum amid ongoing market dynamics. Recent analyses suggest that the cryptocurrency is positioned to continue its upward trajectory. With technical indicators and institutional activity pointing towards sustained growth, Bitcoin is on track to reach new heights by the end of 2025.
Technical Signals and Market Momentum
CryptoBoss on X stated that Bitcoin is showing hidden bullish divergence. The MACD indicator is turning bullish with a higher low in price and a lower low in the MACD, signaling strong upward momentum.
Cryptocurrency analyst MasterAnanda noted that Bitcoin remains in a bullish structure, with a potential higher low forming near $88,888, aligning with the 0.618 Fibonacci retracement level. He stated: 'Bitcoin will never trade below $80,000 in its history,' emphasizing the strength of the current bullish trend.
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Another analyst, RLinda, shared that Bitcoin is currently testing vital support levels at $102,000 and $101,400. Their analysis suggests that the recent correction may be driven by liquidity and not a complete reversal of the trend. A rebound from these levels could lead to a new test of resistance around $106,000 to $108,000, where a clearer market direction may emerge.
Institutional Activity and Future Projections
Ted Pillows noted that the Wyckoff accumulation phase of Bitcoin has effectively developed, with global liquidity continuing to rise. He expects Bitcoin to soar above $125,000 after the current correction ends.
Market data supports this, showing an increase in open interest in Bitcoin futures and growing ETF flows, reflecting strong institutional demand. Crypto Rover highlighted that Bitcoin's peak has not yet been reached, indicating increasing trading volumes and a bullish risk signal.
On-chain metrics indicate optimism among holders, with reduced exchange inflows and an increase in active addresses. These factors, combined with macroeconomic trends, suggest that Bitcoin is on track to reach $175,000 by September 2025.
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