- Bitcoin’s surge past key resistance levels positions it for a potential $155,599 target by mid-2025, sparking market interest.
- Trading volume spikes as BTC breaks the 1.236 Fibonacci extension level, signaling possible gains up to $102,000.
- Analysts anticipate Bitcoin’s cycle peak within 9 to 12 months, setting a target window from March to September 2025.
The recent surge of Bitcoin has caught the attention of the entire cryptocurrency community. Bitcoin goes past important barriers and opens new prices. The trading volume has gone up, and the market has shown more interest in BTC and, consequently, the price of a Bitcoin is expected to hit $155,599 by the middle of 2025, fuelling the excitement and speculation in a very positive market environment.
In the recent X post, Alan Santana pointed out that the recent increase has been spurred on by BTC being able to exceed the 1.236 Fibonacci extension level, which is seen as a positive by most traders. Volume has returned and is now trading above the weekly average, which is positive for the market and triggers questions about where Bitcoin may go next.
Based on the analysis, the short-term target level is $89,444. After these levels the next significant barrier will be about $100,000, with the 1.618 Fib extension at $102,000 being of particular interest as a level of potential resistance.
Bitcoin Cycle Peak
Egrag Crypto pointed out recently that in the past, after breaching key Fibonacci levels, it takes Bitcoin between nine to twelve months to reach the cycle top. From prior market cycles, the author of the analysis predicts that the market would peak in this period. This pattern provides current investors with a possible timeframe that may consider the next potential top in August of 2025.
The average time for post breakout peak in the last four cycles has been about 9.67 months. Based on the analysis of the market, the current cycle’s top may be expected to occur between March and September 2025.
In case BTC is to hit the $100,000 mark, there will be some consolidation and then the price will start climbing again. The first target for this cycle is the Fibonacci 2.618 extension at $155,599 that traders believe BTC will reach within the next six months. At the time of writing, BTC has been spotted at $82,222 with a 2.74% rise in the past 24 hours.
Source: TradingView
Bitcoin is gaining steam and has come at the right time to set the stage for a possible record-breaking cycle and increased trading in the rest of the crypto space.
