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Bitcoin price action It has broken above $ 96,000 In the last 24 hours, strengthen the case of a sustained movement in six -digit territory. This recent price action is particularly significant, since it marks a clean break above a key resistance area in the chain that extends from $ 93,000 to $ 95,000, which many analysts believe I could determine if The next section of Bitcoin takes it to a six -digit territory.
The support of this impulse is a long -term technical perspective of the famous merchant Peter Brandt, who projected that Bitcoin is still ongoing to establish new maximums of all time, with a maximum price greater than $ 150,000 in his Projected timeline.
Peter Brandt Maps Timeline for $ 150,000 Bitcoin Top with parabolic structure
Veteran merchant Peter Brandt shared a weekly candlestick Bitcoin Price Chart on social networks, highlighting a road to $ 150,000 at the end of the summer of 2025. According to Brandt’s publication on the X Social Network Platform, Bitcoin is currently quoted below a parabolic trend line that is key to the final stretch of the current bull cycle. Interestingly, this line of parabolic trend has served as a higher resistance for prices prices and maximums of all time since 2021.
Related reading: Bitcoin pricing prediction: the last advantage confirmed by a resounding rally at $ 150,000
Brandt’s table captures a variety of classic technical formations, including multiple Head and shoulders patterns, expansion triangles and Consolidation Godes. The rupture Of the recent wedge pattern It serves as its basis for suggesting that the upward market is structurally intact.
According to its projection, the parabolic slope that Bitcoin needs to exceed currently is around the $ 120,000 mark. A decisive breakdown above this threshold would prepare the stage for a Run-up to a higher cycle. Brand said that this top cycle would be between $ 125,000 and $ 150,000, and the timeline is in August or September 2025.
The indicators in the chain reveal pressure points around $ 93,000 to $ 95,000
In the chain Chain data The Glassnode analysis firm shows that Bitcoin is currently testing the convergence of two critical resistance points: the simple mobile average of 111 days, which is now at $ 91,300, and the basis of the cost of the headline in the short term, which is located at $ 93,200.
Related reading: Bitcoin Price: analyst Peter Brandt says that BTC is still bassist unless this happens
In particular, the Bitcoin price structure has confirmed a higher maximum in relation to a maximum of $ 94,000 in early May, effectively breaking the bearish trend since the beginning of April. This suggests that the market may be changing to a more aggressive accumulation phase. However, this region also represents a significant cluster of previously purchased currencies, which means that investors underwater during the previous setbacks are now near the start. This could Cause increased sale pressure If some merchants take profits or go out to Breakeven.
Meanwhile, long -term holders continue to exhibit strong behavior, with profits made of more than 350% for many. In fact, more than 254,000 BTC have crossed the 155 -day threshold from the recent Bitcoin local fund, indicating that a significant part of the supply is maturing in long -term holdings. Many of these currencies were acquired at prices greater than $ 95,000.
Although the current impulse clearly favors bullsThe range of $ 93,000 to $ 95,000 is an important battlefield that could define Bitcoin’s trajectory in the months before reaching Peter Brandt’s goal of $ 150,000.
At the time of writing, Bitcoin is quoted at $ 96,635.
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