Bitcoin confirms a strong breakout, targeting $135K next as big investors look to squeeze short sellers and push prices even higher.
Bullish signals from MVRV, RSI, and MACD suggest Bitcoin is still early in its run, with massive upside still ahead in this supercycle.
Trump’s debt policy and rising global liquidity make Bitcoin more attractive as a safe asset, fueling its push toward $140K and beyond.
Bitcoin has entered a fresh bullish phase following a confirmed breakout above its previous all-time high. The retest near $104,400 held firm, effectively ending the recent downtrend. According to analyst Mr. Wall Street, this breakout signals the start of a powerful uptrend, with BTC now targeting $135,000 to $140,000. Consequently, this zone represents a massive liquidity pool where over $45 billion in short positions could be wiped out.
In addition to technical momentum, the macroenvironment contributes to the surge in Bitcoin. The former and current president of the United States, Donald Trump, signed a bill that raised the federal debt ceiling once more. This action implies a commitment to further debt growth. Fixed-supply assets like Bitcoin have historically benefited from rising M2 money supply, which is a result of increased debt.
Market Psychology and Supercycle Momentum
According to Mr. Wall Street, Bitcoin is now within a supercycle. This rare market condition triggers irrational buying and rapid price discovery. Moreover, strong fundamentals support this idea. The MVRV ratio sits below historical cycle tops. RSI also remains below overbought levels on all timeframes, suggesting room for further upside.
Source: Mr. Wall Street
Additionally, the MACD is bullish across the monthly, weekly, and daily charts. This reinforces the idea that the uptrend is just getting started. This surge is not just technical—it’s psychological. Retail FOMO is still limited, meaning more buying pressure could soon emerge.
What’s Next for Bitcoin?
Currently, BTC may briefly retest the $112,000 level before moving higher. However, it might also skip retracements altogether and continue climbing. Besides the $135K zone, another major liquidity target sits between $160,000 and $170,000. If Bitcoin reaches this level, another $70 billion in short positions would get liquidated.
Market makers understand where the liquidity lies. Hence, they're likely to push prices toward those targets quickly. The momentum is undeniable. Moreover, Bitcoin's break above resistance confirms that sellers are exhausted.
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