Bitcoin Powers to Major Resistance Level: Top Analyst Forecasts $100K Breakthrough

Bitcoin’s Latest Surge: Breaking Barriers and Eyeing New Highs

Bitcoin is on fire right now. The king of crypto has climbed to a key resistance level, sparking excitement across the market. Traders and investors are buzzing as pushes past important price points. A top analyst has even set a bold <$100K> target, saying the rally is just getting started.

In this post, we dive into the latest . We’ll cover the recent price action, what this key level means, why experts see $100,000 coming soon, and what it could mean for your portfolio. If you’re holding Bitcoin or thinking about buying, read on.

What Happened? Bitcoin’s Climb to the Key Level

Over the past week, jumped more than 10%. It broke through $62,000 and is now testing a major resistance at around $65,000. This level has held strong for months, acting like a ceiling that sellers defend.

But not anymore. Strong buying pressure from big investors has flipped this level. Volume is up, showing real demand. On the daily chart, Bitcoin closed above the 50-day moving average, a bullish sign. The RSI is at 65, not overbought yet, so there’s room to run.

• Key Support: $60,000 – Holds if pullback happens.
• Next Target: $68,000 – Previous all-time high zone.
• Breakout Volume: 30% higher than average.

This move comes after a quiet period. Bitcoin consolidated between $58,000 and $62,000, building strength like a spring ready to launch.

The Analyst’s Bold <$100K> Call: Why Now?

Renowned crypto analyst CryptoWhale, with a track record of nailing big calls, says Bitcoin is headed to <$100K>. He points to several factors:

1. Spot ETF Inflows: BlackRock and Fidelity ETFs have sucked in over $15 billion this year. Institutions are piling in, creating steady demand.
2. Halving Effects: The April 2024 halving cut new supply in half. History shows price surges 12-18 months later.
3. Macro Tailwinds: Lower interest rates from the Fed could boost risk assets like BTC. Plus, election year hype often favors crypto.
4. On-Chain Data: Active addresses are rising. Whale accumulation is at yearly highs – big players are stocking up.

CryptoWhale shared his chart on social media, showing a cup-and-handle pattern. If Bitcoin clears $65,000, the path to $100,000 opens wide. He predicts this by Q4 2025, but momentum could speed it up.

Technical Breakdown: Charts Don’t Lie

Let’s keep it simple. Bitcoin’s weekly chart looks golden. It’s above the 200-week moving average, a level it hasn’t broken since 2021. The golden cross – 50-week MA crossing above 200-week – happened last month.

Key levels to watch:

Fibonacci retracement from the 2021 high to 2022 low shows $65,000 as the 0.618 level – a classic reversal spot.

Why This Rally Feels Different

Past Bitcoin rallies were driven by retail hype. This one has real money behind it. Corporate treasuries like MicroStrategy hold billions in BTC. Nations like El Salvador are buying dips. Even traditional banks are offering custody.

Risks exist: Regulatory news or stock market crashes could cause dips. But fundamentals are stronger than ever. Network hash rate is at all-time highs, securing the chain.

What Should You Do? Actionable Tips

Don’t chase highs blindly. Here’s a simple plan:

• Dollar-Cost Average: Buy fixed amounts weekly, smooth out volatility.
• Set Stops: Protect gains below $60,000.
• Watch News: ETF approvals, Fed meetings matter most.
• Diversify: Pair BTC with ETH or stablecoins.

If you’re new, start small. Bitcoin’s volatility is its feature – big ups and downs create wealth for patient holders.

Looking Ahead: <$100K Bitcoin> Reality or Hype?

The chart, data, and analyst calls all point up. Bitcoin rising to this is a game-changer. With <$100K> in sight, 2025 could be explosive.

Stay tuned for more . What do you think – will Bitcoin hit six figures? Drop your thoughts in the comments.