Bitcoin maintains a robust structure, suggesting potential growth towards $135k, with strong support found at the $119k level.
In the near term, Bitcoin (BTC) is expected to experience bullish momentum with potential resistance around the $135,000 level. This price point is seen as a key resistance by analysts, with price targets ranging up to $130,000–$134,000 in the coming weeks, contingent upon BTC maintaining support above the $110,000–$112,000 range.
This suggests that Bitcoin could trade within a range between roughly $100,000 and near $135,000 in the short term, possibly oscillating within this channel before attempting a breakout. Recent forecasts for late 2025 show BTC fluctuating in the $113,000 to $128,000 range for October, with an average around $120,000, corroborating the idea of near-term range trading below the $135,000 resistance.
A rejection from the high resistance zone would confirm the anticipated range-bound behavior between $100,000 and the channel high. Conversely, a rejection from the channel high could lead to a prolonged range between $100,000 support and the upper channel resistance at $135,000.
Traders should watch closely for momentum shifts as BTC approaches the high resistance zone. The primary bullish condition is that $119,000 support continues to hold on a closing basis. Sustained buying volume through this area could open the door to rapid price discovery.
Key factors influencing this near-term price action include bullish investor sentiment, ETF inflows, and improving market confidence, though some short-term volatility remains possible. The combination of these factors supports a scenario where Bitcoin consolidates and trades within a channel roughly between $100,000 and the upper resistance near $135,000, before potentially resuming a strong breakout.
Longer-term forecasts by late 2025 predict more significant rally potential to $150,000 and beyond, influenced by institutional adoption and macro factors. It's worth noting that there are five trustworthy free Bitcoin mining platforms for 2025, although this information is not directly related to the price action.
In conclusion, Bitcoin is likely to trade in a range between about $100,000 and $135,000 in the near term, with $135,000 acting as major resistance. Sustained support above roughly $110,000 is critical for maintaining the bullish range-bound scenario. Short-term volatility is possible, but overall momentum favors a price climb towards the upper channel. Longer-term forecasts indicate a potential rally beyond $150,000, contingent upon sustained bullish trends.
- The potential of Bitcoin (BTC) to reach $135,000 is on the horizon, but analysts predict a key resistance around this level, with price targets suggesting a range of $130,000–$134,000 in the near future.
- Recent forecasts suggest that in late 2025, Bitcoin could oscillate within a channel, trading around $120,000 on average, confirming the idea of near-term range trading below the $135,000 resistance.
- Traders should monitor Bitcoin closely as it approaches the high resistance zone, as a rejection from this level could lead to a prolonged range between $100,000 support and the upper channel resistance at $135,000.
- Key factors influencing near-term price action include bullish investor sentiment, ETF inflows, and improving market confidence, which support a scenario where Bitcoin consolidates and trades within a channel roughly between $100,000 and the upper resistance near $135,000, before potentially resuming a strong breakout.
- Longer-term forecasts by late 2025 predict more significant rally potential to $150,000 and beyond, influenced by institutional adoption and macro factors, while there are five trustworthy free Bitcoin mining platforms for 2025.
