Bitcoin Smashes Resistance—$125K Target in Play as FOMO Floods In

Crypto traders pile into BTC like Wall Street bankers at an open bar—bullish momentum could send prices soaring 60% from current levels.

Key drivers: Spot ETF inflows hit record highs while the halving supply crunch starts biting. Even the SEC can’t kill this rally.

Watch the $85K level: A clean break here opens the path to six figures. Just don’t mention the 80% drawdowns that always follow these parabolic moves.

In January, these same volumes were necessary to push BTC to its current all-time high. Although the price started to retreat right after OI levels got this far, in this case, they could indicate the exact opposite.

Back in November, when prices started to surge after Donald Trump’s victory in the U.S. Presidential Election, open interest was sitting at around these current levels. However, the price still managed to climb from $94,000 to $107,000 just a month after.

Above-average OIs at the beginning of a bullish cycle typically confirm the beginning of such a period rather than the end.

Considering the fact that Bitcoin has broken above its 200-day exponential moving average (EMA) in the past few days, these higher OIs confirm a bullish long-term outlook for the token that could push it to $125,000 and beyond.

Bitcoin Price Prediction: This Technical Pattern Favors an Upcoming Push to New ATHs

Looking at the daily chart, BTC has formed an ascending triangle that is already nearing its key resistance at the token’s current all-time high.

Ascending triangles occur when an uptrend forms and heads to retest a key level. Momentum indicators show that the trend’s strength is high as the Relative Strength Index (RSI) has surged to overbought levels.

Meanwhile, the price has broken above its short-term and long-term moving averages and the 21-day and 200-day EMA have made a ‘golden cross.’ This last bullish signal preceded a 60% increase in the price of BTC in a relatively short period the last time it happened.

Hence, every technical indicator at this point favors a bullish outlook and a new crypto presale called BTC Bull Token (BTCBULL) is gearing up to deliver its first rewards as BTC reaches $125,000.

BTC Bull Token (BTCBULL) Offers Token Burns and Bitcoin Airdrops to Holders

BTC Bull Token (BTCBULL) introduces a reward system tied to the performance of the top crypto so bitcoin die-hard fans can generate passive income as the price reaches new heights.

The system is quite simple. Starting at a baseline price of $100,000, BTCBULL holders will be rewarded with token burns and direct BTC airdrops every time the price adds an extra $25,000.

The first milestone is set at $125,000, at which point a portion of BTCBULL’s circulating supply will be burned to foster scarcity and raise the price.

Next up, once the price reaches $150K, BTCBULL holders will receive a direct airdrop of Bitcoin tokens.

All of these actions are executed automatically via smart contracts audited by two blockchain security firms – Coinsult and Solid Proof.

To buy $BTCBULL and start earning, visit the BTC Bull Token website and connect your wallet (e.g. Best Wallet). You can either swap USDT or ETH for this token or use a bank card to make your investment.