Bitcoin (BTC) has surged to a new all-time high, now trading around $118,700, up approximately 1.3% over the last 24 hours. The breakout above $112,000 has been fueled by institutional inflows, shrinking exchange reserves, and a massive wave of short liquidations.
In this article, we will look at bitcoin next target and also look at bitcoin technical analysis and btc news.
For on-demand analysis of any cryptocurrency, join our Telegram channel.
Bitcoin Next Target
- Current Price: $118,706
- 24h Price Change: +1.27%
- 24h Range: $117,140 – $119,130
- Market Cap: ≈ $2.3 trillion
- 24h Trading Volume: ~$44 billion
- Circulating Supply: ~19.88 million BTC
Bullish breakout from Sideways Channel ($100K – $112K), above the $112K resistance, signals resumption of Uptrend. Price is making new ATHs. In this price discovery phase, we used Fibonacci extensions to identify possible price targets (resistance levels): $121K, $128K, $136K.
Bitcoin Technical Indicators
- RSI: ~48 – Neutral
- MACD: Bullish
- Support Levels: $112,000, then $108,500–$109,200
- Resistance Levels: $120,000 psychological barrier, followed by $125,000–$130,000
- Trend: Strong uptrend within a larger bullish cycle; short-term pullbacks possible
Latest Bitcoin News & Developments
- Record High & Short Squeeze
BTC crossed $118K amid over $1 billion in liquidated short positions. - Institutional & Treasury Adoption
Spot ETF inflows for 2025 have reached over $51 billion. Corporate and even government entities are beginning to add BTC to their reserves. - Supply Constraints Strengthen
Exchange reserves are at multi-year lows, as more BTC is moved to cold storage by long-term holders and institutional wallets. - Macro Environment Favorable
With global economic uncertainty and rising inflation concerns, Bitcoin is increasingly viewed as a safe-haven asset. Recent US crypto policy advancements have further legitimized the market.
Bitcoin Forecast & Outlook
- Bull Case
A breakout above $120,000 could push BTC to $125,000–$130,000 in the near term, especially if ETF inflows continue at the current pace. - Bear Case
A correction toward $112,000 or even $110,000 is possible if traders take profits or if macroeconomic sentiment shifts.
👉 Short-Term Outlook: Bullish
📉 Risk Level: Moderate – high momentum, but possible volatility ahead
For on-demand analysis of any cryptocurrency, join our Telegram channel.
