Bullish momentum heads towards $110,000 and above

As the market continues to rise, crypto trader Titan states that a price target of $135,000 for Bitcoin by 2025 is still entirely feasible. This prediction is based on an analysis of price trends over the past two years, focusing on support and resistance zones over a large time frame, using Fibonacci extension tools to identify potential price target areas.

On the chart, the 1.618 Fibonacci level (from the bottom to the recent wave top) currently lies in the $135,000 to $140,000 range, which reinforces the argument that the upward trend may continue.

Veteran trader Peter Brandt also noted the new highs for BTC, but he pointed out that such milestones often lack significant technical value in the context of a bull market.

Bull markets always set new highs—that's the nature of the market. Can the price of Bitcoin reach $125,000 to $150,000 by the end of August?

From a bolder perspective, technical expert Gert van Lagen expects Bitcoin to reach the range of $300,000 to $320,000. In a recent post on the X platform, he stated that BTC has broken out of a bullish amplifier pattern that has lasted for four years, characterized by diverging trend lines, with higher highs and lower lows—indicating that once the aforementioned resistance level is breached, a strong bullish cycle may be imminent.

According to Elliott Wave Theory, van Lagen believes that Bitcoin is currently in the final wave 5 of the impulse wave cycle, which means there is potential for the price to rise further by 170% to 190% in the near future.