As Bitcoin continues its upward momentum in 2025, analysts are beginning to warn that the current bullish phase might be nearing its peak.
While excitement is building over the potential for new all-time highs, some market watchers believe we may be entering the final leg of the rally.
One technical analyst, known online as MasterAnanda, has identified a key resistance zone between $120,000 and $130,000. He argues that this range could act as the last major hurdle before the cryptocurrency enters full price discovery. In his view, this could mark the top of the cycle, with a market cooldown possibly emerging before the end of the year.
The projection aligns with earlier forecasts from another analyst, Tradingshot, who suggested that Bitcoin could hit $130,000 by mid-2025. Both analysts see that resistance level as a critical test for BTC, determining whether the rally has more fuel or if a pullback is imminent.
Although the resistance at $130,000 could mark a temporary ceiling, the outlook isn’t entirely bearish. MasterAnanda pointed out that if Bitcoin experiences a mid-cycle correction around the $150,000 to $160,000 range, it could open the door for a final surge that pushes the asset as high as $220,000 before the bull cycle concludes. He projects the market could remain in bullish territory until November, giving traders several more months of potential upside—barring an earlier correction.
Meanwhile, another analyst known as Thescalpingpro offered an even more ambitious target. Drawing on historical price behavior and Fibonacci extensions, he forecasted a possible cycle peak at $207,701. In the last major rally, Bitcoin topped out near the 3.618 Fibonacci extension, a level he believes could again serve as a terminal point. Currently, BTC is trading below the 1.618 extension, with the 2.618 level near $154,500 as the next significant resistance to watch.
Both analysts emphasize that while the upward trend remains intact for now, the road to higher prices may be narrower than it appears—especially as Bitcoin tests historic resistance zones that could either cap or catapult its next move.
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Bitcoin is consolidating around $119,000 after last week’s all-time high above $123,000.