Bitcoin (BTC) is positioning for a potential surge to $140,000 after encountering what analysts describe as its ‘final speed bump’ near current levels. Recent price action around the $107K resistance level has set up a crucial test that could determine BTC’s trajectory for the remainder of 2025.
Critical Support Level Battle
After retreating from the $106,800 support level last week, Bitcoin is now attempting to reclaim this crucial area. The cryptocurrency experienced an 8% correction from its recent high of $111,980, finding temporary support near $102,000. This price action aligns with broader market expectations of key support levels that could fuel the next leg up.
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Technical Analysis Points to $140K Target
Crypto analyst Jelle has identified the 1.618 Fibonacci extension level suggesting a $130,000 target, with the potential to extend toward $140,000-$150,000 during the next expansion phase. This analysis gains credibility when considering Bitcoin’s recent achievement of its highest monthly close in history at $104,591.
Market Structure Signals
Market watcher Daan Crypto Trades highlights significant position building on both sides of the market, suggesting explosive potential once a clear direction emerges. Historical patterns indicate that Bitcoin typically establishes monthly highs or lows in the first week, followed by sustained trending moves.
Key Price Levels to Watch
- Immediate Resistance: $106,800
- Critical Support: $102,000
- Downside Risk Level: $98,000
- Upside Targets: $130,000-$150,000
FAQ Section
What is the next major resistance level for Bitcoin?
The immediate resistance lies at $106,800, with the next significant barrier around $130,000 based on Fibonacci analysis.
Could Bitcoin drop below $100,000?
Analysts suggest potential temporary dips to the $98,000 support zone before continuing the upward trend.
What technical indicators support the $140K target?
The Power of 3 (Po3) setup and 1.618 Fibonacci extension level both point to targets between $140,000-$150,000.
