Bitcoin is gaining ground as it surges toward its all-time high of $111K, fueled by renewed buying interest and strong technical momentum. With market sentiment shifting positively, expectations are building for a potential breakout that could take BTC to the $120K range in the near future. BTC Price Analysis: Technicals By Shayan The Daily Chart Following a healthy pullback to the $106K support level, BTC attracted notable demand, leading to a renewed rally back toward its all-time high at $111K. The ongoing price action reflects solid bullish momentum, likely stemming from sustained accumulation within the $100K–$111K consolidation range. A key bullish signal has also emerged: the 100-day moving average has crossed above the 200-day moving average, forming a Golden Cross, historically associated with longer-term bullish trends. This reinforces the current upward trajectory and investor confidence. However, BTC now faces a decisive test at the $111K ATH. A successful breakout above this psychological and technical barrier could ignite a fresh impulsive leg upward, with the $120K mark as the next major target. Source: TradingView The 4-Hour Chart On the 4-hour timeframe, BTC initially faced rejection at the upper boundary of a descending wedge near $108K, triggering a brief dip to $106K. This move, however, was likely a liquidity sweep, a strategic pullback designed to trap retail sellers and enable smart money to accumulate long positions. Following this, the BTC price broke above the wedge structure and completed a bullish retest, confirming the breakout. The cryptocurrency is now gaining momentum again, eyeing the $111K liquidity pool, where a cluster of stop orders likely resides. This area is of high interest to large players seeking to trigger a buy-side liquidity cascade. If bulls can reclaim this level, a breakout is likely to follow, potentially propelling Bitcoin to new highs around $120K. Source: TradingView On-chain Analysis By Shayan This chart presents the Binance Liquidation Heatmap, which visualizes areas where significant liquidation events are likely to unfold. These zones often act as liquidity magnets, drawing price action toward them. Large market participants, commonly known as whales, strategically target these levels to enter or exit positions efficiently. At present, a notable cluster of liquidation levels sits just above Bitcoin’s all-time high of $111K, suggesting a strong probability that the price may be drawn toward this region. If reached, this could spark a short-squeeze, amplifying upward momentum and potentially pushing BTC to new highs. However, this liquidity cluster also reflects persistent selling pressure around current levels. Sellers remain active, keeping the $111K resistance firm. As such, this threshold stands as a critical decision point. A confirmed breakout above could initiate a powerful bullish continuation, while a failure to breach it may result in another rejection and possible retracement. Source: TradingView The post Bitcoin Price Analysis: Will BTC Hit $120K in the Next Few Days? appeared first on CryptoPotato.

This week, Bitcoin (BTC) has recovered from its recent drop below the $100,000 level and is attempting to turn the crucial $108,000 resistance into support for the fourth time. As we approach the second half of 2025, a market watcher has shared his forecast for BTC. Bitcoin Sees Transitional Period On Thursday, analyst Rekt Capital shared a roadmap for BTC for the rest of the year. He noted that this cycle has been “truly a cycle of re-accumulation ranges,” explaining that these have formed throughout the cycle since the end of 2022 and evolved since the Bitcoin Halving last year. In the pre-having period, BTC registered brief price deviations with downside wicks below the re-accumulation range lows in the weekly chart. Meanwhile, the post-halving period has seen Bitcoin deviations occur with multi-week clusters of full-bodied candles below the range lows. For instance, after its first price discovery uptrend, which lasted around seven weeks, BTC moved within its re-accumulation range for about ten weeks. Then, it transitioned into the first Price Discovery Correction, recording a nine-week downside deviation below the range lows before breaking out and rallying past the range highs toward a new ATH last month. Its past performances suggested that BTC was ready to enter its second Price Discovery Uptrend. But as Rekt Capital detailed, a transitional period has occurred for the first time, with price consolidating around the re-accumulation range high area. According to the analyst, this is “perhaps the first time that we’re seeing a deviation occur below the range high,” making this area a crucial level to transition into a new uptrend. We never really had to pull back substantially, maybe, until that final corrective period, which would last multiple months, but each re-accumulation range would see quite a bit of upside, and that upside would be very quick and no real post-breakout retesting, no real pausing. What we’re seeing here is something very, very different. Weekly Close Key For BTC’s Future Based on its new transition period, the key level for Bitcoin to reclaim in the weekly timeframe is the $104,400 support, which it held for nearly seven weeks before the recent pullbacks. This level was lost after BTC closed last week below it and “should not become a resistance level.” To the analyst, it’s key that this week’s close solidifies the price recovery as it would position the cryptocurrency for a retest and confirmation of $104,400 as support and continue the build the base around this area to transition into the next multi-week Price Discovery Uptrend. Rekt Capital added that the timeline for BTC’s next uptrend will depend on the length of the new transitional period. However, he believes that it will take “a bit longer” to break out. Additionally, he suggested that what comes after the upcoming uptrend will also depend on how long it takes, as it could lead to an extended cycle or a prolongation of this phase, which could push the cycle peak into deeper stages of 2025. Nonetheless, the analyst affirmed that it’s crucial that the next corrective period, which could see Bitcoin drop between 25% to 33%, is short to potentially enjoy a third Price Discovery Uptrend before the bear market. As of this writing, BTC is trading at $107,555, a 3.2% increase in the weekly timeframe.