Bitcoin Price Prediction: Analysts Reveal Bold BTC Price Targets Amid Market Strength

Bitcoin's recent price movement is painting a familiar pattern — and analysts say it could be pointing to much higher levels in the near term.

Bitcoin (BTC) has been moving in a familiar pattern recently, setting up the potential for a substantial rally to new highs in the coming months, according to cryptocurrency analysts.

Since early April, BTC has been climbing in neat $10,000 increments, rising from $74,000 to its current range just under $105,000. This steady staircase-like rise has had analysts speculating that Bitcoin is locked into an ascending channel — a structure that, if it holds, could set up price targets of $114K, $124K, and even $134K by early summer.

Technical analyst TradingShot shared this outlook in a recent post, highlighting how each breakout has followed a similar rhythm: resistance tested, broken, and replaced by a higher support zone. But the trend isn’t bulletproof — a break below the channel could see Bitcoin retrace to earlier support around $94K or $84K.

According to cryptocurrency technical analyst @TradingShot, Bitcoin is moving in an ascending channel that could continue to drive price higher in the coming months.

"Each breakout saw higher lows and higher highs with a similar flow of price action as the resistance got tested, broke, and turned into support. A break below the channel to retest the lower support at $94K or $84K would negate this view."

Another analyst, Ali Martinez, tipped the potential for a rally to $120,000 if a key support zone holds.

Adding weight to the bullish thesis, analyst Ali Martinez pointed to the “Cumulative Value Days Destroyed” (CVDD) metric, a tool often used to identify long-term market tops and bottoms.

According to Martinez, Bitcoin remains in an accumulation phase, with key support holding near $90K — a level critical for sustaining momentum. His model suggests that $120,000 could be the next major milestone if BTC avoids a significant breakdown.

At the moment, Bitcoin continues to hover near $105,000, consolidating after a powerful rally driven by ETF inflows and margin liquidations. Some analysts believe this current sideways action could be forming a bullish flag — a classic setup for another breakout.