Bitcoin Targets $150K by Q3 2025 Amid Bullish Weekly Setup

By: cryptofrontnews|2025/05/02 21:45:02
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Bitcoin eyes a $125K–$150K peak by Q3 2025 if it reclaims the parabolic slope, backed by strong long-term trend structures.Technical patterns since 2017 including H&S, Double Tops, and Wedges confirm Bitcoin's bullish trajectory within an ascending channel.With BTC near $96K, strong moving averages, stable volume, and a rising wedge suggest continued upside into the third quarter of 2025.According to Peter Brandt, Bitcoin continues its bullish path with a potential cycle top projected between $125,000 and $150,000 by August or September 2025. As of May 1, 2025, BTC trades at $96,397 registering a 2.80% weekly gain. Technical indicators show strong momentum, with the 8-week Simple Moving Average and 18-week Weighted Moving Average both trending upward. Furthermore, the price sits near key horizontal resistance around $100,000. If Bitcoin regains its broken parabolic slope, a steep rally could resume, pushing it toward its long-term cycle peak.Major Patterns Point Toward Continued UptrendSince mid-2017, Bitcoin has formed a series of technical patterns defining its macro trend. Between late 2018 and early 2020, BTC moved inside a descending triangle. It eventually broke out, followed by a large Head and Shoulders (H&S) pattern in 2020 that initiated a parabolic move. That run peaked in April 2021.Source: Peter BrandtFollowing the rally, a Double Top (DblT) formed, initiating a deep correction through late 2022. During this phase, a descending Channel (Chnl) structure emerged. Subsequently, a second Head and Shoulders pattern developed in mid-2022, pushing prices upward. Higher lows and strong support levels established a steady bullish trend.Structure Remains Intact Despite VolatilityBy early 2024, Bitcoin formed an Expanding Triangle (Exp), commonly linked to heightened volatility. Resistance zones were tested multiple times and ultimately broken, confirming the bullish breakout. Early in 2025, a rising Wedge (Wdg) developed, acting as a consolidation pattern.Additionally, Bitcoin continues trading within a long-term ascending channel. Two red trendlines frame this structure, guiding the overall macro trend. A parabolic curve intersects the upper boundary, aligning with a projected target of approximately $130,000. A red dot marks a potential high above $120,000, consistent with the channel top.Moreover, the volume of trading is constant at more than 234,000 BTC. The Average True Range (ATR) is 9,670, indicating increased volatility. The Average Directional Index (ADX) of 23.75 indicates moderate trend strength.The post Bitcoin Targets $150K by Q3 2025 Amid Bullish Weekly Setup appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

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