Bitcoin Targets $140,000 in 2025 Amid Bullish Momentum
$BTC is on the brink of breaking through its $100,000 resistance, with historical patterns signaling a possible climb to $140,000 by early 2025. Analysts from platforms like TradingShot and TrendSpider highlight key technical setups that suggest the maiden cryptocurrency is poised for significant growth.
BTC's current channel-up formation mirrors its movements from late 2023, indicating a bullish continuation. After testing the 200-day moving average (MA) lows in August 2024, Bitcoin rebounded with a cup pattern—a classic signal of consolidation followed by upward momentum. Key indicators like the Relative Strength Index (RSI) and a golden cross in November 2024 reinforce this trend.
While a recent MACD death cross hinted at short-term bearishness, historical data suggests these moments often precede robust recoveries. Bitcoin's trajectory aligns with Fibonacci levels, targeting the 3.0 extension and a potential price of $140,000 by February 2025.
TrendSpider's analysis also highlights BTC’s tightening wedge pattern and support above its eight-day and 21-day exponential moving averages (EMA). The TTM Squeeze indicator further suggests a breakout is near.
With rising activity on platforms like WhiteBIT, OKX, and ByBit, the crypto community is watching Bitcoin closely. As it consolidates around $95,720, analysts predict BTC will trade between $94,782 and $101,273 by the end of 2024, with strong potential to set new records in 2025.
