An analyst, who expected bitcoin, from $ 77,000 to $ 110,000, reveals the reason for the completion of the gathering
A prominent encryption analyst signed the Bitcoin (BTC) An increase from 77,000 dollars to more than 110,000 dollars He participated in a renewed analysis, announcing that the pioneering bull rally in the leading currency has not yet ended. With the support of technical analysis and macroeconomic basics, the analyst claims this Bitcoin ready for additional teamsIt is possible that it reaches $ 117,000 to $ 120,000 in the coming weeks.
The Bitcoin Bull race is far from the end
At the heart of the upcoming expectations of the Crypto Broff analyst, the appearance of a Golden Cross on Bitcoin scheme. The market expert revealed that the golden cross style, which is a rare and strong upright sign, is about 87.8 % when it occurs on the highest time frames.
According to Bitcoin Bull: Pundit reveals when it sells everythingHistorically, this technical style is a reliable indicator that appeared only twice in the past 24 months, and every time it preceded it Huge price pools. In October 2023, a golden cross previously increased by 170 % from $ 27,000 to $ 73,000.
Then again, in October 2024, it indicated a move from $ 63,000 to $ 109,000, to make impressive profit by 73 %. Now, in May 2025, the graph style appeared again, but this time when Bitcoin was priced over $ 110,000.
The doctor confirmed that these previous gatherings did not take months to achieve them. Instead, they started immediately after the Golden Cross signal appeared and then accelerated to a 3-5-month window. Historically, during these periods, BTC has made gains of about 70 % and 170 %, which ranges between 3.5 % to 8.5 % per week. If this upward trend is repeated, it may push the cryptocurrency to the current price levels.
It is worth noting that the appearance of this golden cross is the main reason behind Dr. Rabah’s belief Bitcoin Bull Rally has not yet ended. With this technical configuration, the analyst expected a boldness that BTC will reach $ 113,000 this week, which represents a profit of 3.71 % of its current price of about $ 108,954.
Investment funds, liquidity groups, and institutional demand to increase bitcoin height
At the structural level, BROFF DOCTOR highlights a major liquidity set at $ 113,000. With Bitcoin, he is already approaching this level and with him MomentumThe analyst expects to strike this goal within days. However, this is not the final station.
Since Bitcoin was trading at 77,000 dollars, Doctor Profit revealed that it constantly carries a goal ranging from $ 117,000 to $ 120,000. Now, with the confirmation of the confirmed conditions of Golden Cross and market conditions this step, it doubles these expectations.
Behind graphic patterns, Doctor Profit also believes that Bitcoin etfs The broader total environment plays a major role in shaping the thesis of this upper currency. The analyst indicates a huge increase in demand through the investment funds circulating in the instant Bitcoin, noting that the flows are now 9x of the daily quantity BTC is mining.
It is worth noting that this defect between supply and demand is to create a strong upward pressure on the price. Add more weight to the upscale status Continuing accumulation by microstrategy And other institutional players. These entities not only buy BTC in large quantities, but also reduce the amount circulating in the stock exchanges.
Distinctive image from Getty Images, Chart from TradingView.com
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