according to the materials of the site - By CFU
The powerful breakout of Bitcoin above $120,000 attracted the attention of traders worldwide, refuting bearish forecasts and paving the way for a broader market rally. After several weeks of consolidation, the world's largest cryptocurrency broke through resistance levels that analysts deemed critically important for launching the next phase of growth.
Now, when Bitcoin has surpassed the $120,000 mark, its sharp rise has not only dispelled bearish bets but has also led to speculation that the last quarter of 2025 may bring even greater growth. Blockchain data shows that the next price range is around $139,000, which, according to some analysts, could be reached by the end of the year.
The driving force behind Bitcoin's breakthrough was largely due to forced liquidations. Short positions concentrated in the $118–$120k range were completely liquidated as Bitcoin surged, creating a cascading effect that accelerated the movement.
Crypto analyst Crypto Rover described this event as 'squeezing out all the bears,' pointing to heatmap data that showed where short positions were building up. This wave of liquidations intensified significant buying pressure, forcing traders who had bet against Bitcoin to close their positions.
Charts also show a compelling picture. Bitcoin recently retested its former resistance zone, which has now turned into strong support on the weekly timeframe. Analysts refer to this as a classic 'perfect retest,' confirming the idea that the foundation for the next big rally has already been laid.
Momentum indicators are also signaling strengthening. The daily relative strength index (RSI) is currently above 63, demonstrating solid bullish momentum while remaining below the overheating zone. For traders, this means there is potential for further growth without immediate risk of exhaustion.
Given that Bitcoin is now confidently holding above $120,000, the door appears to be open for a rise to $139,000, the next logical milestone in its market structure.
As Bitcoin dominates the headlines, attention is starting to shift to altcoins. Historically, strong rallies in Bitcoin have been followed by waves of capital outflow into alternative cryptocurrencies, where the gains can often be even more explosive.
Ethereum, Solana, and XRP have already shown signs of resuming momentum, and traders are looking at projects like Cardano, Avalanche, and Litecoin as potential beneficiaries of this next phase. The rotation of altcoins typically accelerates when Bitcoin stabilizes at higher levels, allowing investors to take profits and reinvest in smaller assets with greater growth potential.
Against the backdrop of this growing rotation, retail traders are increasingly paying attention to early-stage projects. MAGACOIN FINANCE has become one of the most discussed presale projects of 2025, quickly raising over $15.5 million. Analysts believe that MAGACOIN FINANCE could be one of the best options for investors in a bull market, forecasting returns of up to 55x after listing on major exchanges.
MAGACOIN FINANCE stands out from the rest due to its stage of development. Unlike established giants, it offers exponential growth that is only possible in the early stages. Presales have sold out at record speeds, creating an atmosphere of FOMO in online trading communities.
For small investors, this is a rare opportunity to take advantage of early deals that are simply not available with Bitcoin or Ethereum. Some analysts argue that MAGACOIN FINANCE could become the breakout altcoin of 2025, similar to the early days of SHIB or PEPE, where modest investments turned into huge profits.
With Bitcoin breaking key resistance and the beginning of altcoin rotation, the fourth quarter looks more optimistic than many expected just a few weeks ago. The macroeconomic uncertainty surrounding the U.S. government shutdown has eased, the inflow of funds into ETFs has resumed, and liquidation-driven rallies are fueling the market.
Bitcoin bears are facing defeat as the cryptocurrency rises above $120,000, with analysts expecting $139,000 to be the next milestone. Liquidations, strong technical indicators, and renewed institutional demand have collectively shifted the market structure to bullish ahead of the fourth quarter.
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