CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

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 .

Feragatnameyi okuyun : Burada sunulan tüm içerikler web sitemiz, köprülü siteler, ilgili uygulamalar, forumlar, bloglar, sosyal medya hesapları ve diğer platformlar (“Site”), sadece üçüncü taraf kaynaklardan temin edilen genel bilgileriniz içindir. İçeriğimizle ilgili olarak, doğruluk ve güncellenmişlik dahil ancak bunlarla sınırlı olmamak üzere, hiçbir şekilde hiçbir garanti vermemekteyiz. Sağladığımız içeriğin hiçbir kısmı, herhangi bir amaç için özel bir güvene yönelik mali tavsiye, hukuki danışmanlık veya başka herhangi bir tavsiye formunu oluşturmaz. İçeriğimize herhangi bir kullanım veya güven, yalnızca kendi risk ve takdir yetkinizdedir. İçeriğinizi incelemeden önce kendi araştırmanızı yürütmeli, incelemeli, analiz etmeli ve doğrulamalısınız. Ticaret büyük kayıplara yol açabilecek yüksek riskli bir faaliyettir, bu nedenle herhangi bir karar vermeden önce mali danışmanınıza danışın. Sitemizde hiçbir içerik bir teklif veya teklif anlamına gelmez