Bitcoin Price Surges Past $121K — Bullish Patterns Hint at $123K–$131K Breakout
Bitcoin continues its bullish momentum, trading above $121K as technical indicators and institutional demand point to further gains. Analysts are eyeing potential breakouts toward $123K, $131K, and even $140K before a possible correction in 2026.
BTC
121,738.51
+2.53%
1. Latest Price & Market Update
Bitcoin is currently trading around $121,507.34, up about 4% in the past 24 hours (Binance).
On Coinbase, BTC is priced at $119,259.55, about 2% higher than yesterday (Coinbase).
Market cap is approximately $2.42 trillion, with 24-hour trading volume of $73.8 billion and circulating supply of 19.9 million BTC (CoinMarketCap, CoinGecko).
2. Technical Trends & Chart Outlook
BTC is forming a bullish flag pattern near $116K, signaling short-term upward momentum (CryptoRank).
A breakout above resistance could push prices to $123K in the coming days (CryptoRank).
Some analysts set targets at $131K if bullish momentum continues (BraveNewCoin).
Elliott Wave experts suggest BTC could reach $140K this year but warn of a potential bear market in 2026 (CoinDesk).
3. Institutional Demand & Market Drivers
El Salvador’s new investment banking law is fueling institutional demand, potentially supporting a rise toward $BNB
130K (CryptoNews).
Institutional Bitcoin holdings have doubled in 2025 due to clearer U.S. and European regulations (AInvest).
ETF inflows and regulatory clarity pushed BTC up 10.92% in the last month (AInvest).
4. Price Forecast Summary
Forecast TypeTarget PriceTimeframeShort-term (flag breakout)$123KDays–WeeksMedium-term (analyst target)$131KWeeks–Months2025 Peak Potential$140KBy Year-End2026 OutlookBear Market RiskNext Year
Conclusion:
Bitcoin’s price action is being supported by both technical bullish patterns and institutional inflows, with short-term targets of $BTC
123K–$131K and potential for $140K in 2025. However, traders should remain cautious as analysts warn of possible market pressure in 2026.