$BTC / USDT

The essentials of the moment:

Current price: around $117,468, with an intraday range between $117,268 and $117,970.

Recent highs: reached a new all-time high around $124K, driven by expectations of rate cuts, massive institutional flows, and favorable regulations including crypto in retirement plans (401k).

Favorable macro environments: Policies such as the Genius Act and the creation of a strategic Bitcoin reserve by the U.S. government have reinforced the bullish narrative.

Techniques and momentum: After breaking through descending channels, the “cup-and-handle” pattern suggests greater bullish strength; the RSI and reduced selling suggest sustained accumulation.

Highlighted forecasts for 2025: Estimates range from $145K – $200K, with some traders even targeting $200K as a potential goal if institutional and macro momentum persists.

Key Technical Scenarios

Scenario Key Condition Potential Targets

Bullish Sustain closes above $120K–$123K Short: $130K → Medium: $145-150K → Extended: $200K+

Neutral Consolidate between $116K–$120K Technical base for new momentum

Bearish Drop below $116K Correction risk towards $110K–$115K

Quick Recommendation

Buy if BTC sustains closes above $120K–$123K, with a view towards rises to $145K and beyond.

Wait if it retraces to $116K–$118K, assessing technical support before re-entering.

Lightning Summary

Bitcoin is consolidating after breaking to all-time highs ($124K+), with strong institutional and regulatory backing.

The main key levels are $120K–$123K (resistance) and $116K (support).

If momentum continues, clear opportunities open up towards $145K, and even up to $200K, according to conservative and optimistic estimates.