Bitcoin’s upward trajectory is drawing closer to a critical point, with analysts watching key price zones that could either trigger a final surge or mark the beginning of a slowdown.
Rather than pure investor enthusiasm, some experts argue that Bitcoin’s climb has been shaped by technical positioning and market structure. According to one well-followed chartist, the top cryptocurrency is now facing what could be its last meaningful resistance before exhaustion sets in.
The highlighted region? Somewhere between $120,000 and $130,000 — a range that could act as both a magnet for speculation and a ceiling for this phase of the cycle.
Forecasts suggest that if BTC manages to navigate past this barrier, the door could open to an even steeper climb, potentially reaching as high as $180,000 or beyond. But there’s a catch: a correction before hitting $150,000 might cap the run short.
Other voices in the trading community suggest the current market cycle could stretch into the end of 2025, giving bulls a few more months to ride the wave — but not without volatility. Any steep pullback now, some warn, could break the rally’s rhythm too early.
Meanwhile, projections from another well-known analyst sketch an even bolder outcome. Using Fibonacci extensions — a favorite among technical traders — they identified the $207,000 zone as a possible cycle peak. Past cycles have seen Bitcoin touch the 3.618 extension before topping out, and this pattern could repeat if momentum sustains past $150K.
Still, all eyes are on whether the next leg of the journey will be a blow-off top — or the beginning of the descent. With macro uncertainty and market psychology shifting quickly, the road ahead for Bitcoin might not be as smooth as recent weeks suggest.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/market/bitcoin-approaches-critical-threshold-as-analysts-eye-market-turning-point/