Bitcoin (BTC) Price Prediction: Bitcoin Breaks Key Resistance as Bulls Target $140K and Beyond

The world’s largest cryptocurrency has once again tested a major Fibonacci extension, with institutional inflows, regulatory tailwinds, and macroeconomic shifts aligning to create a powerful upside narrative.

Bitcoin news today shows the asset trading at around $121,950, up 3.3% in the past 24 hours. This latest move has brought BTC within striking distance of its all-time high of $123,218 set in mid-July. On-chain data reveals that 92% of short positions were liquidated over the past day as the price surged above $120,000, triggering a wave of stop-loss hits and amplifying buying pressure.

Bitcoin (BTC) was trading at around $121,950, up 3.35% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

With a market capitalization exceeding $2.33 trillion and daily trading volumes of more than $14 billion, Bitcoin’s current rally appears driven less by retail speculation and more by sustained institutional demand. Spot Bitcoin ETFs recorded $246.75 million in net inflows last week, reversing the heavy outflows seen earlier in the month.

From a Bitcoin technical analysis perspective, Monday’s rally saw BTC test the 1.618 Fibonacci golden ratio around $122,000—a level that has historically acted as a strong resistance. If the daily candle closes above $120,000, analysts say it could mark Bitcoin’s highest-ever daily close, opening the door for a price discovery phase.

BTCUSD has confirmed a bullish channel breakout above 119.4k–119.9k, with the structure targeting 129.4k while allowing for brief pullbacks to support. Source: DeGRAM on TradingView

Short-term targets from Fibonacci projections place the next resistance levels at $127,000, $137,000, and $153,000. If bulls maintain momentum, the much-discussed $140,000 level could be achieved before year-end.

The RSI indicator currently sits at 65, suggesting strong but not yet overextended bullish momentum, while the MACD has just flashed a fresh buy signal. Support lies near $116,000, making it a critical zone to watch in case of a pullback.

Several macro and market-specific factors are converging to fuel Bitcoin’s latest surge:

• ETF Momentum: Renewed inflows into US-listed spot Bitcoin ETFs reflect rising investor confidence after a brief pause earlier this month.
• Policy Boost: President Trump’s recent executive order allowing cryptocurrency investments in 401(k) retirement accounts has broadened potential demand.
• Whale Accumulation: On-chain data shows long-term holders increasing their positions, with exchange reserves at multi-year lows.
• Global Geopolitics: Optimism over potential diplomatic breakthroughs, including a possible Trump–Putin meeting, is adding to the risk-on sentiment.

Simon Peters, crypto analyst at eToro, noted that “the policy shift to allow 401(k) crypto investments marks another significant step toward mainstream adoption in the United States,” adding that institutional demand could accelerate in the coming months.

The post–Bitcoin halving 2025 environment continues to underpin long-term bullish forecasts. Historical patterns show that Bitcoin often rallies in the 12–18 months following a halving, supported by reduced miner supply and steady demand.

• Cathie Wood (ARK Invest) projects Bitcoin could reach $1 million by 2030, driven by network effects and institutional adoption.
• Standard Chartered sees a $500,000 medium-term target, positioning BTC as “digital gold” amid global economic uncertainty.
• Derivatives Market Data shows $140,000 as the most popular call option strike on Deribit, with over $3 billion in open interest—a strong indicator of trader expectations.

Paul Howard, Director at Wincent, told Finance Magnates that the “current price action reflects a golden breakout scenario, supported by ETF buying ahead of key inflation data.”

With Bitcoin holding above the $120,000 threshold, market sentiment remains firmly bullish. Technical charts point toward $127,000 and $137,000 as interim targets, while macro and institutional factors support the case for a rally toward $140,000–$150,000.

BTCUSDT remains within its daily ascending channel, eyeing a breakout above $123,230 toward $141,558 if bullish momentum strengthens. Source: BeInCrypto on TradingView

In the short term, traders will be watching for a clean break above $123,218 to confirm new all-time highs. In the long term, Bitcoin’s strengthening role as an inflation hedge and store of value continues to attract both retail and institutional capital, suggesting that the BTC long-term outlook remains robust well beyond 2025.