Bitcoin holds above $112,500 with analysts eyeing $132,500–$145,000, as short squeeze risks threaten $18B in bearish bets.
Breakout from descending wedge and strong support flip boost bullish momentum, with targets only 20–30% above current price.
Over $800M in shorts already liquidated, and $125K trigger could unleash forced buying that fuels rapid climb toward record highs.
Bitcoin is flashing strong bullish signals as top analysts predict a push toward record highs. The world’s largest cryptocurrency is trading near $117,000, with fresh breakouts and surging momentum. This comes as billions in short positions hang on the edge of liquidation, potentially adding fuel to the rally.
Analysts are now warning traders not to ignore the setup, as the next leg higher could be steep. The growing excitement follows weeks of price consolidation, which appears to have primed Bitcoin for its next explosive move.
Doctor Profit, posting on X, sees a “target of $140,000–$145,000 loading” and urges followers to ignore market noise. His chart highlights a massive run from $15,000 in late 2022 to current levels, a gain of over 675%.
Source: Doctor Profit
He notes the structure still favors bulls, though consolidation may be needed before breaking higher. His projection zone sits only 20–30% above the current price, suggesting the target is within reach.
Merlijn The Trader shares a more aggressive view, calling the recent dip “a setup” before a breakout. He points to Bitcoin’s surge past $112,500, turning a key resistance into strong support. This bullish retest often precedes sharp rallies as both institutional and retail buyers step in.
Source: Merlijn The Trader
According to Merlijn's chart, a breakthrough from a descending wedge—a traditional bullish reversal signal—will propel the price higher toward $132,500. The pattern demonstrates that momentum is clearly turning back toward the bulls.
Short Squeeze Pressure Builds
Meanwhile, Bitcoin Archive reports that over $18 billion in short positions could face liquidation if Bitcoin reaches $125,000. Data from Binance, OKX, and Bybit shows traders heavily positioned against Bitcoin.
Source: Bitcoin Archive
With the price near $114,600, cumulative short liquidations have already topped $800 million. Such forced buying often accelerates price gains, creating a feedback loop that drives markets higher.
Consequently, the market setup is aligning for a potentially volatile surge. Besides strong technical structures, the threat of mass liquidations adds another layer of upward pressure. Moreover, institutional interest and retail confidence remain solid, providing a strong demand base.
Hence, if Bitcoin holds above $112,500 and pushes toward $125,000, the resulting squeeze could open the door to Doctor Profit’s $145,000 target. For now, traders are bracing for a high-volatility phase that could define the remainder of the year.
The post Bitcoin Targets $145K as Bullish Breakout and $18B Short Squeeze Loom appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
