Bitcoin Nails Critical Retest—$131,800 Target Now in Play for Historic Rally
Bitcoin’s make-or-break moment is here. The king of crypto just completed a textbook retest of its breakout level—and if history rhymes, we’re staring down a potential moonshot to $131,800.
Why this matters: Last time BTC saw this pattern, it rallied 600% in 12 months. Traders are now front-running the same algorithmic money flows that fueled previous cycles—because Wall Street never learns its lesson with speculative assets.
The setup: After clearing $70k resistance last week, Bitcoin pulled back to retest the level as support. That’s the equivalent of a rocket doing a quick systems check before liftoff.
What’s next: If bulls hold this level, the measured move targets $131,800 based on the 2020-2021 fractal. But watch the $67k floor—break that, and the ’institutional adoption’ narrative gets another gut check.
- Bitcoin has flipped bullish, gaining nearly 12% over the past week after weeks of volatility.
- BTC is undergoing a critical 3-day retest that could trigger a major rally if successful.
- Holding above the key support level of $93,145 is crucial to maintain upward momentum.
- A successful breakout could push Bitcoin toward a potential new all-time high around $131,800.
Bitcoin (BTC) has made an impressive comeback, flipping from bearish to bullish territory after several weeks of volatility and sluggish performance. Over the past seven days, BTC has gained nearly 12%, showing renewed strength and setting the stage for a potential breakout toward new highs.
At the time of writing, the BTC price is trading at $94,097 with a 24-hour trading volume of $17.92 billion and a market capitalization of $1.86 trillion, according to the latest market data.
Bitcoin Retest Could Trigger Massive Rally
According to popular crypto market observer Clifton Fx, Bitcoin is currently undergoing a critical retest on the 3-day timeframe following a massive breakout. Clifton Fx emphasized that if BTC successfully completes this retest, it could trigger a significant bullish rally, potentially pushing BTC to new heights.
This ongoing retest phase is crucial for Bitcoin’s next major move. Traders and investors are closely monitoring the price action to confirm if BTC can sustain its bullish momentum.
Critical Support Level: $93,145
Meanwhile, crypto market watcher Ali highlighted an important support level for BTC. Based on the Short-Term Holder Cost Basis, Bitcoin must maintain a position above $93,145 to preserve its upward momentum.
If BTC holds above this key level, it could fuel a further rally toward a potential new all-time high around $131,800. However, failure to hold could expose BTC to a correction, with possible downside targets NEAR $71,150.
As Bitcoin trades strongly above crucial support, market sentiment remains cautiously optimistic. The combination of a successful retest and strong buying volume could lead to a fresh wave of bullish momentum, pushing BTC toward new record highs in the coming weeks.
However, traders are advised to stay alert as market volatility remains high. A decisive move above recent resistance levels could confirm the next bullish phase, while a failure could invite renewed selling pressure. For now, Bitcoin bulls are firmly in control, with eyes set on securing a major breakout.
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