Bitcoin Price Analysis: Key Levels and Expert Predictions for Next All-Time High
Bitcoin Breaks Key Level
Bitcoin has successfully broken through the critical $87,000 level, a significant milestone identified by crypto analyst Michael van de Poppe. This level, near the daily SMA 50, has been a barrier since early February. Overcoming it signals a potential shift towards regaining bullish momentum.
Recent Price Action
Bitcoin showed strength with a sharp rise on May 1, reaching a high of $97,483, its highest since late February. Despite facing resistance at $97,948 on May 2, the price has consolidated around $95,684, down 0.54% in the last 24 hours.
Key Levels to Watch
According to Glassnode, the $95,000 to $98,000 range holds a high concentration of coins at a loss, indicating potential sell-side pressure. Overcoming this resistance could propel Bitcoin into a low-resistance zone above $100,000, paving the way for a new all-time high.
Expert Predictions
Veteran trader Peter Brandt predicts Bitcoin could reach $125,000 to $150,000 by August or September 2025 if it reclaims its broken parabolic slope. However, he cautions that such a rally might be followed by a 50% correction.
This analysis highlights Bitcoin's potential trajectory, emphasizing the importance of key levels and expert insights in navigating the market.
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