Bitcoin Primed for $135K Breakout: The Bull Case That’s Making Traders Sweat

Crypto’s old guard is flexing again—Bitcoin’s technicals scream ’parabolic’ as institutional money floods in. Forget the 2021 hype cycle; this time, the infrastructure’s real (and so are the shorts about to get liquidated).

The Halving Effect: Scarcity on Steroids

With April’s supply cut now baked in, BTC’s inflation rate sits below gold’s. Miners are hodling, ETFs are vacuuming up supply, and your broker’s ’diversified portfolio’ advice looks increasingly prehistoric.

Institutional FOMO Hits Critical Mass

BlackRock’s wallet isn’t just fat—it’s ravenous. Pension funds playing catch-up could trigger the mother of all liquidity crunches. Cue the Wall Street analysts still calling crypto a ’fad’ between client BTC allocations.

Technical Perfect Storm

That 3-year accumulation band? Broken. The 200-week moving average? Obliterated. Every on-chain metric from MVRV to NUPL flashes green like a Vegas sportsbook. Even the SEC’s lawsuits failed to dent this rally.

Will $135K happen? The market’s already pricing it in—alongside the inevitable ’correction’ that’ll have CNBC trotting out the same tired ’bubble’ graphics. Pro tip: Watch the futures basis, not the headlines.

Bitcoin May Be Preparing for Record-Setting Surge in 2025

In what was a game-changing announcement this week. JPMorgan Bank unveiled that it will now allow clients to buy Bitcoin. Although CEO Jamie Dimon is no fan of the asset, its rise to prominence is undeniable. That has led the investment bank to shift with the times, which could be the sign of a growing movement.

That development tells much of the story of 2025. Although prices have been held down by macroeconomic concerns, the crypto market has made major strides in terms of mainstream adoption. Moreover, it could be set to push Bitcoin to new heights, as one analyst has BTC eyeing a trip to $135k sooner than many expect.

According to a new TradingView post, Bitcoin is set to form its very first golden cross in seven months. This is expected to trigger a massive bullish reaction for the leading cryptocurrency. Historically, BTC’s one-day golden cross within the two-and-a-half-year ascending channel has sparked a 33% jump for the asset. Subsequently, the analyst noted that this would see the asset reach a new record number in alignment with the 0.236 Fibonacci level.

There is more evidence to support the claims. Specifically, the one-week moving average convergence divergence is showing a bullish cross. This could be huge for the projection. Specifically, it was the same indicator that took place before bitcoin reached its last all-time high of $109,000. Therefore, it could be a warning for incoming positive movements, the likes of which the asset has never seen before.