The leading cryptocurrency could reach a new ATH by July-August 2025, according to the trader known as Titan of Crypto.
#Bitcoin $137,000 in the Cards? ?#BTC has formed a bull pennant on the daily chart.
If it plays out, a new ATH could be reached — right against current market sentiment.Let’s see if price can break to the upside in the coming week! pic.twitter.com/Irr01KLvSE
— Titan of Crypto (@Washigorira) April 13, 2025
According to his observations, Bitcoin’s price has formed a “flag” pattern targeting $137,000, provided it confidently breaks the upper boundary of the formation.
“Let’s see if the price can rise in the coming week!” wrote the expert.
Specialists at Santiment reported an “increase in optimism” following the recently announced tariff exemptions.
? There has been an increased level of bullishness pouring in from the crypto crowd Monday. Ever since the (still not fully clarified) tariff exemptions announced over the weekend, Bitcoin in particular has had a flood of optimistic calls.
This is the highest level of positive… pic.twitter.com/NmGKWxJaHi
— Santiment (@santimentfeed) April 14, 2025
Joao Wedson, founder of Alphractal, noted a significant dominance of longs over shorts on the Bitfinex exchange, urging to monitor this ratio.
There are about 220x more Longs than Shorts on Bitfinex.
And the Longs keep increasing.
What’s going on with this exchange that created and owns Tether (USDT)?It needs to be monitored!
Charts: @Alphractal pic.twitter.com/OYA16jOrVJ
— Joao Wedson (@joao_wedson) April 14, 2025
CryptoQuant highlights the steadfastness of whales, who “prefer to hodl rather than sell en masse and capitulate.”
A Rocky Path Upward
Experts at CoinGlass warned of a “sell wall” in the $85,700-$86,000 range, indicating the price is approaching a resistance level.
GM!???
There is a sell wall of over 3K #BTC on Binance within the price range of $85700 to $86000.https://t.co/z9WYoWqeVP pic.twitter.com/ih26dtTMb2
— CoinGlass (@coinglass_com) April 15, 2025
Analysts at Cointelegraph note resistance in the form of three exponential moving averages with parameters of 50, 100, and 200 days.
Breaking through these dynamic levels could significantly improve market sentiment, “paving the way for a retest of six-figure marks.”
At the time of writing, Bitcoin is trading around $85,000. Over the past seven days, the asset has risen by 6.5%, according to CoinGecko.
Back in April, call options for Bitcoin at $100,000 became the most popular position on the Deribit platform.