Key Insight:
- Bitcoin might have completed a retest of the $75k level, and could be headed to $120K.
- BTC smashed through two major zones: the 111-day SMA and the short-term holder cost basis.
- BTC’s big liquidity sitting at $98,000 that was above price and $95-$96,000 below price.
A keen look into Bitcoin (BTC) prediction suggested that price was destined to hit $120K in the long-run following a flip of two major short-term support levels.
Bitcoin Prediction
Bitcoin price stabilized at $97,500 during months when trading dropped to $75,000 before successfully bouncing back.
Infrastructure supporting the price action emerged from the past 2021 multi-month double top at roughly $69,000 because it functioned as robust support during the recent pullback.
This bull run established structural integrity by providing healthy retracements because BTC did not surge above the 2017 peak ($20,000) in 2020 without prior consolidation.
This retest benchmark at $75,000 has transformed into a robust foundation that indicates BTC will avoid returning to previous price levels.
The existing bullish market conditions suggest BTC will persist upward toward new price points that exceed the $100,000 level.
Should the market value fall back to a price level below $75k it would reveal the invalidation of recent bullish breakout formation while driving prices downward to $60k.
The better lows within the month-to-month chart collectively with its continuous uptrend pattern indicated energy.
The failure to remain dollar-pegged at $85,000 indicates momentum could be fading thus attracting sellers.
A sustained BTC price above $100,000 depends on stability in market forces and overall market performance.
BTC Moving Averages
Bitcoin surpassed essential resistance points after crossing the 111SMA at $91,300 along with the STH-CB at $93,200.
Historically the mentioned price boundaries have served as important emotional triggers.
Throughout price positions above the thresholds sentiment levels usually increased which maintained bull market dynamics.
The BTC price demonstrating strengths above $93,200 could draw additional momentum traders and sell quickly so price could possibly reach new all-time-highs.
The price falling beneath the 111SMA or the STH-CB would induce sentiment change towards negative trends.
These movements indicate loss of strength which causes retail buyers with short-term positions to sell their investments rapidly while creating market instability.
Traders who saw the recent price breakout as a trend change would feel concerned by such price movement.
The black price line experienced a rapid recovery following its April bottom to surpass all the red and blue trendlines in its current upward trajectory.
The structure needs to stay intact to continue generating positive results. Any decline in these support levels would likely reverse current price increases by forcing a return below $90000.
BTC Liquidity Levels
The low-volume weekend for Bitcoin shows high liquidity levels accumulated close to $98,000 above the price level together with heavy concentrations between $95,000 to $96,000 below the price.
The strategic liquidity areas known as high-leverage zones attract price movements during weekends when order book liquidity is reduced.
Price movement will reach $98,000 which starts stop order liquidations and short position liquidations but forces another price decline to hit long position liquidations at the $95,000 to $96,000 zone.
This equilibrium in liquidity positions increases the sweep probability for both sides of the market.
The market may reset its sentiment early in the week after both key price regions experience clearance action.
The removal of resistant levels at $98,000 could possibly create enough buying pressure to surpass $100K when sustained trading volume holds up.
Support gives way if traders push prices through the $95K–$96K range thus causing prices to drop below $94K.
Market participants should expect sudden price movements across all directions because liquidity exists on both sides of the order book.
Therefore they should prevent excessive position exposure. Market volatility stands out as the primary indicator from the current heatmap patterns rather than any definite trend for the weekend period.