Bitcoin (BTC) Price Prediction: BTC Targets New All-Time Highs After Reclaiming Key Levels

Bitcoin is once again commanding the spotlight as it trades above critical levels and prepares to challenge its all-time highs.

Bitcoin is showing remarkable strength as it hovers above critical levels and prepares to challenge its all-time highs. After months of aggressive selling pressure and pessimistic sentiment, the leading cryptocurrency has staged a powerful comeback, surprising even the most ardent skeptics.

Now trading around the $105,000 mark, Bitcoin is displaying a bullish momentum that has seen it push swiftly through the $94K-$100K resistance zone. According to top analyst Jelle, who shared his insights on X (formerly Twitter), Bitcoin "ate through $90K-$94K like it wasn't even there." This highlights the force of recent buying pressure and the rapid shift in market tone.

"January 20 high isn't going to hold for long as Bitcoin is entering what could be a new phase of price discovery," Jelle added, hinting at a continuation of the bull market with implications for investing strategies.

This rally has not only surprised skeptics but also reignited optimism across the crypto market. However, the $105K zone remains a crucial test as it could attract both profit-taking and renewed interest from sidelined capital.

If bulls can maintain momentum and push past this resistance, a new price discovery phase may begin. With long-term holders showing renewed confidence and broader investor sentiment recovering, the next few days could prove pivotal for Bitcoin's trajectory. A clean break above the current range would likely confirm a fresh macro uptrend and reset expectations for the rest of 2025.

Bitcoin Consolidates Above $104K

The daily chart shows Bitcoin trading firmly above the $104,000 level after a breakout that cleared months of resistance. Following a strong upward move from late April, BTC pushed through key psychological barriers at $90K and $100K, with buyers maintaining control as price action prints higher highs and higher lows. The current structure is forming a textbook bullish continuation, consolidating just below the $105K mark.

The 200-day simple moving average (SMA) and exponential moving average (EMA) continue trending upward, now well below the current price, confirming long-term strength and momentum. Volume has also picked up in recent sessions, supporting the breakout with strong participation from bulls.

Looking ahead, the $105,700 level—tested as the current local high—remains the next hurdle. A clean daily close above this could set the stage for an aggressive move into price discovery territory, potentially targeting the all-time high at $109K. On the downside, immediate support lies at $103,600 and $100K, both recently reclaimed levels that could serve as strong bases if a pullback occurs.