Bitcoin’s Next Stop? Analysts Eye $140K Target After Shattering All-Time High
Bitcoin just rewrote the record books—again. The king of crypto smashed through its previous peak, leaving traders scrambling to chart the next frontier.
The $140K question
Market technicians are drawing trendlines toward a six-figure future. That bullish target comes from Fibonacci extensions and institutional inflow patterns—or as Wall Street calls it, 'throwing darts after three martinis.'
Rockets need fuel
Spot ETF approvals and halving mechanics created the launchpad. Now macro tailwinds—weakening dollar, yield-hungry capital—are pouring jet fuel on the fire.
Warning lights flashing
Not everyone's buckling up. Short-term RSI screams overbought, and Coinbase outages during rallies remain crypto's version of 'stress testing' investor patience.
The market's voting with its wallet: Bitcoin's not asking permission this time. Whether $140K becomes reality or just another greedy target depends on who blinks first—hodlers or the laws of financial gravity.
Bitcoin is in the good books of analysts and key players alike, thanks to its recent bullish performance. The apex cryptocurrency recently hit a new all-time high, and with the newly attained price, a pause and gradual decline in bullish activity is expected.
However, market players remain convinced that the asset could continue on an upward trajectory. One market player has outlined the possibilities for the asset in the long term.
According to analyst TradingShot, BTC/USD trading pairs have broken above their all-time high zone following an increase in buying pressure. A bullish acceleration resulted in an upsurge, leading to a trade above the $118,000 level earlier in the E.U. session.
The bullish momentum has interestingly been in motion since April and could continue into the later part of the year. The analyst breaks down the extent to which the pattern could go, stating the following;
“Technically, the bullish trend doesn’t seem to stop there as following the Bull Flag (we’ve analyzed this extensively in the previous days) break-out of mid-May to June, the long-term Bullish Leg that started on April 07, 2025, bottom, is now looking for its 2nd Phase (extension).”
Using the previous two bullish legs from 2024 as a reference point, a +91.12% surge from the April bottom is expected, the analyst added, while noting the remarkable symmetry spotted amongst all three fractals on the Bitcoin chart.
As the analyst further asserted, should the pattern continue, the bullish leg is expected to peak at a little over $140,000 before bitcoin kicks off its next correction.
At report time, Bitcoin is trading at $117,289 with impressive gains from the last 7 days, going up to 9% at this time.
