News View Non-AMP

Bitcoin Price Prediction Today: Next Target $130,000

Published by
Anjali Belgaumkar

Bitcoin is currently trading near a critical resistance zone around $94,250, a level known as the golden ratio in Fibonacci analysis. This level is considered highly important in both technical trading and natural patterns, and often marks strong turning points in price. Bitcoin reaching this level suggests the recent rally may be slowing down, and traders are watching closely to see what happens next.

So far, Bitcoin has shown signs of a possible five-wave move from its April low. If this pattern completes, it would be a clear sign of bullish strength and could open the door for further gains. However, if the move turns out to be only a three-wave structure, it may mean that the market is still in a broader bear trend, and this recent rise was just a temporary recovery.

Key support for the current trend is between $84,526 and $88,494. As long as the price stays above this zone, the outlook remains positive in the short term. There is also a minor support zone between $91,047 and $93,581 that could help hold the price up in the coming days.

Traders should keep an eye on these levels. If Bitcoin can hold above support and break past the $94,250 resistance with strong momentum, the next target could be as high as $130,000 in the longer term. However, a drop below support may signal weakness and increase the risk of a deeper correction.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Meme Coin Traders Quietly Accumulate a New Meme Coin Under $0.0015 While Dumping Shiba Inu and Pepe Coin

SHIB is trading at around $0.00001171, reflecting a 2.11% drop over the past week, while…

July 1, 2025

Best Meme Coin to Buy Now: Pepeto vs. Pepe, Dogecoin, and Shiba Inu

In 2025, the universe of meme coins will still be in the phase of progression…

July 1, 2025

XRP News: Are July 3 and August 15 Important for the Ripple-SEC Lawsuit?

There’s been a lot of discussion online about important dates in the ongoing Ripple vs.…

July 1, 2025

Are Stablecoins A Threat To Pi Network?

Stablecoins are becoming more popular in the crypto market. Thanks to their steady prices, backing…

July 1, 2025

Ripple Price Prediction As XRP EVM Ledger Goes Live

Ripple’s XRP is making headlines this week with a big development; the much-anticipated EVM sidechain…

July 1, 2025

Circle Files for National Trust Bank License in the U.S.

Circle Internet Group Inc. (NYSE: CRCL), a top-tier stablecoin issuer, has applied for a national…

July 1, 2025