Bitcoin price hit a new all-time high and data shows BTC bulls aren’t done yet

Quick Summary:

Tracking its returns with respect to key high time frame resistance and support levels over the past two years, the forecast uses the Fibonacci extension tool, which identifies price targets by measuring previous price swings. Bitcoin analysis by Titan of Crypto.Source: X.comOn the chart, the 1.618 Fibonacci level, drawn to a swing high from a swing low, aligns at $135,000–$140,000, identifying a potential target.

Related: Is Bitcoin price close to a cycle top? — 5 indicators that help traders decideBitcoin bulls target higher prices above $110KWith bullish momentum on BTC’s side, crypto trader Titan of Crypto noted that a Bitcoin price target for $135,000 remains in “play” for 2025.

The analyst noted that BTC heatmaps reveal price movement toward high-leverage zones, suggesting market makers may target overconfident traders for liquidations. Wedson emphasized that public obsession over new all-time highs could create traps for both bulls and bears.

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Article Details

Author / Journalist: Cointelegraph by Biraajmaan Tamuly

Category: Crypto

Markets: United States

Topics: Noted Target All-time Highs Bitcoin Price Crypto Market Bullish Weekly Swing

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-21 @ 22:00:00 (20 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28894165

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