The target for Bitcoin bulls is to break the price of $110,000

Due to the strong momentum of BTC, cryptocurrency trader Titan of Crypto points out that the price target for Bitcoin in 2025 remains $135,000. This prediction uses Fibonacci extension tools to track Bitcoin's returns against key high timeframe resistance and support levels over the past two years, determining price targets by measuring previous price fluctuations.

The 1.618 Fibonacci level extends from the low of the fluctuation to the high of the fluctuation, aligning with the potential target of $135,000 to $140,000.

Veteran trader Peter Brandt acknowledges Bitcoin's new highs, but he notes that such milestones are "technically not important" during a bull market. This trader states,

"Bull markets always set new historical highs. That’s the definition of a bull market. By the end of August, the price may break $125,000 to $150,000???"

In contrast, the price levels set by technical analyst Gert van Lagen are much higher, between $300,000 and $320,000. In a recent post on X, van Lagen noted that Bitcoin has broken out of a bullish 'megaphone' pattern that has persisted for four years, marked by trendline divergence, consistently higher highs, and consistently lower lows, indicating a significant rise may occur after breaking above resistance levels.

Analysts using Elliott Wave Theory indicate that BTC is in the final wave of the impulse cycle, supporting a bullish view of Bitcoin rising again by 170% to 190%.

Although the market is gradually heading toward prosperity, Alphractal CEO João Wedson advises investors to remain cautious and patient. This analyst points out that the BTC heatmap shows prices are moving toward high leverage areas, indicating that market makers may target overconfident traders for liquidation.

Wedson emphasizes that the public's obsession with historical highs may trap both bulls and bears. Therefore, it is crucial to "always manage risk."