A top crypto market watcher believes Bitcoin (BTC) is gearing up for a major leap, potentially hitting $137,000 in the next 1–2 months if current momentum holds.
In an August 11 update on TradingView, analyst MasterAnanda highlighted that Bitcoin’s 3-day chart is flashing strong bullish signals, placing it in prime position for a push toward its next big milestone.
“Bitcoin is now trading at its highest price since the all-time high. At resistance, challenging resistance, ultra-bullish,” the analyst noted.
One of the key drivers in the analysis is altcoin market behavior. Historically, when Bitcoin consolidates at high levels and altcoins start climbing, it’s often a sign that BTC will continue its upward trend. Recently, Ethereum (ETH) has broken into multi-year highs, adding more fuel to the bullish sentiment.
Another well-followed chartist, TradingShot, sees a potential move even higher — up to $148,000 by late September 2025 — based on a bull flag pattern combined with the 2.0 Fibonacci extension.
On the fundamentals side, Bitcoin’s network growth is surging. On August 9 alone, 364,126 new BTC addresses were created — the largest single-day spike in a year — signaling strong retail and institutional engagement. This kind of adoption often amplifies price momentum as the network effect kicks in.
Current Market Snapshot:
At the time of writing, Bitcoin trades at $120,512, marking a 5.36% gain over the past week and 1.71% in the past 24 hours. BTC is currently testing resistance just below its previous all-time high of $123,091, with technical indicators suggesting the bulls aren’t done yet.
