$135,000 is just around the corner? Analysts say the Bitcoin pump trend remains strong.

According to CoinGecko, Bitcoin (BTC) has reached the key level of $85,000 for the 8th time this week. Although the price is hovering around this level, the technical indicators suggest that a larger breakout is brewing. Market observation agency Titan of Crypto pointed out that the bullish structure of Bitcoin "remains intact," and the index based on the Fibonacci sequence serves as a reference, with a target price of $135,000 still valid until 2025.

Analysts insist that even if Bitcoin falls back to key support levels, the overall trend remains bullish. They boldly predict that Bitcoin will first target $107,000, and then soar to $135,000, regardless of whether there will be a pullback in the short term. At the same time, he emphasized that cryptocurrencies "are developing in an amplifier mode," which is an expanding pattern with at least two higher highs and two lower lows, indicating increased volatility and a potential trend reversal. Analysis indicates that if historical trends are repeated, the BTC price may hit a high of $186,500. This prediction is based on the typical "amplifier effect" in the cryptocurrency market, similar to the dramatic volatility shown when BTC quickly surged to $20,000 in 2017 before retracing.

However, according to this trader, from a technical perspective, Bitcoin is still constrained by key resistance levels, lingering below the cloud. This stubborn resistance zone also limits its upward momentum. In addition, the upcoming Easter weekend is expected to drain market liquidity, exacerbating market tensions and increasing the risk of price volatility in cryptocurrencies.

According to data from CoinGecko, the BTC price has fluctuated between $84,037 and $85,470 in the past 24 hours, reflecting that the market is caught between accumulation and weakness. At the same time, while retail traders are frustrated watching the sideways movement, whales and sharks are going crazy. Santiment reports that wallets holding 10 to 10,000 BTC now control 67.77% of the total supply of the asset, reaching an all-time high.

Since March 22, these giant whale investors have purchased over 53,600 Bitcoins, worth more than $4.5 billion, with the latest purchase amounting to $250 million, which has also sparked speculation about the impending supply squeeze. Macro investor Kyle Chasse further pointed out that central banks around the world will significantly increase liquidity by $106.7 trillion, which could drive Bitcoin prices soaring. He even asserted that Bitcoin will be the next beneficiary and views Bitcoin as an important tool to hedge against the devaluation of fiat currency. In summary, this asset is currently at a critical juncture. Although the elements for a rebound are in place, including whale accumulation, a bullish technical outlook, and potential liquidity boom, the resistance level at $85,000 has not yet been breached, which is worth the attention of market investors! Do you think Bitcoin can break through this resistance level and achieve the prediction of $135,000? Feel free to leave your thoughts in the comments section, and let's discuss it together! #BTC # cryptocurrency #技术分析 # whale dynamics