📈 Technical Analysis
Bitcoin reached its all-time high last week at around $122,900–123,200, then stopped rising and temporarily retreated to $118,000–119,000.
Technical analysis indicates strong resistance around $121,000–122,000. Breaking this level could push the price later to $132,000–134,000.
The RSI indicator shows signs of overbought, which may explain the current decline as a temporary correction before resuming the upward trend.
Short-term movement scenarios according to some analyses:
A drop below $118,900 could lead to support levels at $117,800 and $117,400.
A breakout above $118,900 may drive the price towards $120,100 and $120,600.
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🔍 Short and Medium-Term Forecasts
Time Frame Forecast
1. Short-Term (1–2 weeks)** Fluctuate between ~ $118,000–122,000, with a possible correction to $117,000 if demand weakens.
Crossing resistance at ~ $121,000–122,000 may lead to a new wave towards $130,000–135,000.
2. Medium-Term (until the end of 2025) Based on analyses like Deutsche Bank and Koinly, it is expected to reach $150,000–180,000 by the end of the year, supported by institutional adoption and favorable regulations. Some even expect $200,000.
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⚠️ Risks and Alerts
Profit-taking may lead to a decline of 5–10%, especially if the global stock market weakens or institutional demand suddenly drops.
Delays in approving legislation such as the COMMODITY and Stablecoins or global economic fluctuations may negatively impact.
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✅ Summary of Bitcoin Analysis Now:
Current price ~ $118,200, with resistance around $121,000–122,000.
In the event of breaking this resistance, a rise towards $130,000–135,000 is expected as a first stage, and it may extend to $150,000–180,000 by the end of the year.
In the bearish scenario, the strongest support ranges between $117,000–118,000, and may reach $115,000–117,000 in the event of a broader decline.
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