Bitcoin (BTC) has experienced a remarkable surge of over 10% in the past week, currently hovering around the low $90,000 mark. According to the expert insights of crypto analyst Titan of Crypto, further gains could be on the horizon, with technical analysis utilizing Fibonacci extension levels to make these predictions.
In a recent analysis shared on a social platform, Titan of Crypto has outlined a compelling path for Bitcoin, suggesting it might reach $135,109 by the period of July-August 2025. The analyst’s use of Fibonacci extension levels indicates that this iconic cryptocurrency may see significant upward movement in its price.
For those unfamiliar, Fibonacci extension levels are crucial tools in technical analysis employed to pinpoint potential price targets during bullish trends. By projecting key Fibonacci ratios beyond recent price swings, traders can better anticipate areas where prices may find resistance or complete moves post-breakout.
The weekly BTC chart shared by Titan highlights that a 100% Fibonacci extension, resulting from Bitcoin’s recent bounce off the $76,000 support level, establishes the next major target around $135,000. Past performance shows similar behavior: in August 2024, BTC surged nearly 100%, setting a new all-time high (ATH) of around $73,000 by November 2024. If the current trend mirrors this trajectory, a new ATH by July 2025 could be plausible.
Other crypto analysts are echoing this optimistic outlook. Analyst Jelle provided a chart indicating that Bitcoin has managed to break through a downside deviation, suggesting BTC is producing precisely the positive signs desired by bullish traders. After the recent surge, Bitcoin faced a slight pullback but appears poised to confirm a range-low reclaim, paving the way for a potential upward push. Jelle also notes that BTC may soon test resistance levels near $100,000.
Adding to the optimism, recent trading data from the Binance exchange indicated a notable increase in BTC withdrawals since April 19. Enhanced withdrawals, coupled with declining exchange reserves, signal reduced short-term selling pressure, suggesting a market heavily influenced by retail investors. A report mentions:
“High-leverage longs were flushed out between $82K and $88K, indicating that weak hands had been eliminated. Large short positions remain susceptible above $92,000, creating the possibility of a short squeeze, which might act as the next step higher.”
Additionally, macroeconomic factors could further bolster Bitcoin’s ascent. Growing concerns regarding the autonomy of the US Federal Reserve could redirect investor attention toward decentralized assets like Bitcoin, thereby elevating its appeal as a leading cryptocurrency. At the time of this writing, BTC is trading at $93,302, marking a 0.8% increase within the last 24 hours.
In summary, with compelling technical analyses and a positive market sentiment among traders, Bitcoin’s potential trajectory toward $135,000 is garnering significant attention in the crypto space. The predictions offer a glimmer of hope for investors and enthusiasts alike, as the market continues evolving in dynamic ways.
