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Bitcoin price price broke over $ 96,000 Over the past 24 hours, strengthening the matter of lasting removal into six -digit territory. This last price campaign is particularly significant, because it means pure stroke above the key chain resistance zone extending from 93,000 to 95,000 USD, which according to many analysts believe can determine whether The next Bitcoin leg takes it to a six -digit territory.
Supporting this shoot is a long -term technical perspective of the reputable trader Peter Brandt, who forecasted that Bitcoin was on the course to set fresh highest levels, with a potential peak of price exceeding USD 150,000 Forecasted time axis.
Peter Brandt time for $ 150,000 with a parabolic structure
Veteran Trader Peter Brandt divided a weekly candlestick Bitcoin prices on social media, emphasizing the path to USD 150,000 until overdue 2025. According to Brandt’s post on the Social Media platform X, Bitcoin is currently trading below the parabolic trend line, which is the key to the last stage of the current bull cycle. Interestingly, this parabolic trend line served as the upper resistance for the peaks of Bitcoin prices and the highest times from 2021.
Reading Reading: Bitcoin prices forecasting: the last zone that confirms the disgusting rally to USD 150,000
The Brandt chart reflects various classic technical formations, including many head and shoulders patterns, expanding triangles and consolidation wedges. Excitement From the recent Klin’s pattern It serves as its basis for suggesting that the bull market is structurally intact.
According to his projection, a parabolic slope that Bitcoin must currently overcome around USD 120,000. The decisive breakthrough above this threshold would prepare a scene for Approach to the bicycle. Brand noticed that this cycle would be from USD 125,000 to 150,000, and the schedule is until August or September 2025.
The chain indicators reveal pressure points around 93,000 to 95,000 USD
On the chain Chain data The Glassnode analytical company shows that Bitcoin is currently testing the convergence of two critical resistance points: 111-day straight movable average, which is currently 91,300 USD, and a short-term basis for the owner’s cost, which is USD 93,200.
Related reading: Bitcoin price: Analyst Peter Brandt claims that BTC is still not there
In particular, the Bitcoin price structure confirmed a higher level compared to USD 94,000 at the beginning of May, effectively interrupting leaving from the beginning of April. This suggests that the market may change into a more aggressive stages of accumulation. However, this region is also a significant cluster of previously purchased coins, which means that investors underwater under water are now close to speed. Maybe cause increased pressure on the sales side If some traders raise profit or leave Breekeven.
Meanwhile, long -term owners still show forceful holding behavior, and for many realized profits exceed 350%. In fact, over 254,000 BTC has exceeded the 155-day threshold since the last local DNA of Bitcoin, which indicates that a significant part of the supply matures in long-term resources. Many of these coins were obtained at prices above USD 95,000.
Although the current rush clearly favors bullsThe range from 93,000 to 95,000 USD is the main battlefield that can define Bitcoin trajectory in months before reaching Peter Brandt’s goal in the amount of USD 150,000.
At the time of writing, Bitcoin trades for USD 96,635.
A distinguished picture from Pexels, chart from tradingview.com
