Bitcoin Price is now negotiated at $ 109,236, a level he has not touched for almost a month. But it’s not just any price rally. According to the Top Crypto Trader Michael Van de Poppe, Bitcoin shows a large momentum which could soon exceed it its summit of $ 111,970. If this rally takes place, a new record could be a week or two.
BTC Prix Breakout in weeks
In a recent Bitcoin price analysis, Michael shared a 4 -hour key graph showing that Bitcoin has erased a large obstacle, the level of $ 106,500. The rupture of this barrier pushed the BTC in front of $ 108,000, where it now holds a company nearly $ 109,000. This shows that buyers are back and that the momentum is built.
He notes that when Bitcoin exceeded $ 106,500 earlier, there needed liquidity of lower levels, which pushed short traders and gave BTC more energy to increase.
Michael thinks that the next target is about $ 110,500. If Bitcoin remains above this brand, it could break its ancient summit of $ 111,970, or even go higher in the next two weeks.
Key levels to look at then
Even with a strong momentum, Michael believes that Bitcoin could see small hollows along the way. If there is a decline, traders look at the $ 105,500 area and the $ 100,000 area in good points to add more positions.
These levels should act as strong support if the price is cooling before the next step.
Large predictions of large banks
Being more optimistic, Standard Chartered, one of the best banks in the world, just shared a daring forecast of Bitcoin. They believe that Bitcoin could reach $ 135,000 at the end of the third quarter of 2025 and could even reach $ 200,000 by the end of this year.
This large target adds even more hope for traders who believe that the Bitcoin rally is far from over.
The BTC holding more than $ 109,000 and that traders feel confident, the next few weeks could be huge for the cryptography market.
