Finbold 2025-07-05 20:38:45

Why Bitcoin will slingshot to $130,000 by August

Bitcoin’s ( BTC ) technical indicators suggest the maiden digital currency is likely to hit a new all-time high of around $130,000 in the coming weeks. This comes as Bitcoin attempts to reclaim the $110,000 level, which has acted as a major resistance point in recent sessions. As of press time, BTC was trading at $108,118, up 0.5% in the past 24 hours and nearly 1% over the past week. Bitcoin seven-day price chart. Source: Finbold For the price outlook, analysis by TradingShot , in a TradingView post on July 5, highlighted that Bitcoin is flashing a strong bullish signal after completing a golden cross on the four-hour chart. The cryptocurrency is now holding above its four-hour 50-period moving average ( MA ), a key support level that, if maintained, could fuel a sharp rally. According to TradingShot, the current setup mirrors Bitcoin’s April–May rally, when a similar channel up pattern peaked near the 2.618 Fibonacci extension . The fractal shows the same series of lower highs, eventually broken by a strong upward move. Bitcoin price analysis chart. Source: TradingView The analysis suggests Bitcoin is testing its final resistance, similar to the April 21 breakout. If the pattern holds, TradingShot projects BTC could reach $130,000 by early August, aligning with the 2.618 Fibonacci level. Bitcoin’s key price levels to watch On the other hand, analysis by Ali Martinez in an X post on July 5 identified key price levels to watch. He noted that investors should keep an eye on $106,738 and $98,566. This is based on the latest In/Out of the Money Around Price analysis, which shows strong buyer interest concentrated in these two ranges, where significant numbers of addresses previously accumulated BTC. In/Out of the Money Around Price. Source/ Ali Charts Currently, Bitcoin trades around $108,000, with approximately 1.64 million addresses holding positions at or near $106,738. Below that, another cluster of 1.71 million addresses is positioned near $98,566, providing additional support. On-chain data shows 89.36% of BTC holders are still “in the money,” highlighting resilience despite volatility, while just 10.36% are underwater. If Bitcoin falls further, two key demand zones could help cushion the downside and spark a rebound. Featured image via Shutterstock The post Why Bitcoin will slingshot to $130,000 by August appeared first on Finbold .

Наиболее читаемые новости

Cryptocurrency Market Sees Major Surge as Bit...
2025-07-10
Flare Blockchain Integrates TrustSwap for Sea...
2025-07-10
XRP Price Bull Run Prediction
2025-07-10
YouTube’s Bold Crackdown: Safeguarding Creato...
2025-07-10
KULR Mining Hits 750 PH/s With New Bitmain Mi...
2025-07-10
2 Altcoins That Could Multiply Your Money 10x...
2025-07-10
A Shift in Solana’s Memecoin Market: LetsBonk...
2025-07-10
Istanbul Blockchain Week 2025 Breaks Records...
2025-07-10

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения