Bitcoin Price Prediction: BTC Targets $150K After This Trend Retest

Key Insights:

• Bitcoin price retested the weekly uptrend and may rally toward $150,000 in the next leg.
• Whale opened $86M long at 40x leverage with liquidation near $110,000.
• Analyst Gert van Lagen predicted an inverse head and shoulders pattern to target to $170K.

Bitcoin price has once again in the limelight after a retest of a critical trendline offered the prospect of a breakout continuation. The weekly candle pattern has seen a new leg of bullish euphoria with analysts targeting between $150,000 and $170,000.

A massive leveraged long in a whale and parabolic chart projections further goes to support another epic BTC price breakout.

Bitcoin Price Retests Weekly Trend Line

Bitcoin price has again tested its multi-year trendline, a structure that has historically marked the beginning of massive upward moves.

Analyst Lourdes Sanchez highlighted this on her most recent update to long-term charts. She noted that BTC price broke out of a prolonged downtrend in early 2023 and gained over 95% afterward.

Notably, the leg in 2024 again started with a retest of the trendline and provided a 171$ upward move, taking it beyond $73,000. In August 2025, Bitcoin price once more bounced from this ascending support line. Sanchez had a short-term target of $123,300, and a long-term forecast was $150,000.

This regularity of two actions, a breakout and rally, provided supporting evidence to the idea that a third wave is being formed. Provided there is a weekly candle that is ending above the support, then bullish momentum is technically intact.

Whale Opens $86M Long with Liquidation Near $110K

On-chain data revealed a long position worth $86 million opened by a whale at 40x leverage. This trader used 752 BTC as collateral, with the liquidation price set at $110,340.

The intake was at 113,678, and the trader is already in a substantial unrealized gain.

The massive leveraging actions of large wallets are not common and are usually an indication of conviction. Analysts noted that whales typically act on deep alignment with market structures.

Here, the long was positioned close to the uptrend line, strengthening the sentiment in the continuation setup.

More so, this whale’s strategy aligned with past precedents where similar positions preceded multi-week rallies. The liquidation zone also gives technical support, which is a cushion for price increases.

BTC Price Inverse Head and Shoulders Points to $170K Target

On the other end, Gert van Lagen presented a 2-day Bitcoin price chart featuring an inverse head and shoulders breakout.

At $110,000, the neckline had been broken and retested, and a bullish continuation confirmed. This structure puts BTC price target at $170,000.

More so, the formation spans several months of accumulation, with volume supporting the breakout. Notably, BTC price has maintained above the neckline and is now acting as new support.

Van Lagen underlined the idea that moving averages are currently turning bullish, and the pattern is also confirmed.

This up-continuation pattern supported the larger trend line with an upper-bound situation. Should Bitcoin price follow through successfully, there is upside of a further 50% on the current levels.

Bitcoin Price Parabolic Path Signals Final Mania Phase

Meanwhile, Merlijn The Trader added to the bullish narrative by sharing his long-term regression model for Bitcoin cycles. The chart showed that BTC price is now touching the upper red band, a historical signal of incoming mania phases.

The price zone has preceded each of Bitcoin major blow-off tops, including 2017 and 2021.

He emphasized that this is not the top. Rather, he anticipated the vertical rally to occur when the price gets into and remains within the red zone.

At press time, Bitcoin price traded around $114,600, just under the historical breakout levels. According to Merlijn, these stages usually come before the actual final run-up.

In his words, “Sell now… and you’ll watch history from the sidelines.” He predicted Bitcoin price could surge beyond $130,000 and possibly approach $160,000 if history repeats.

The trend has lasted more than 10 years, lending support to the bullish Bitcoin price prediction.