As Bitcoin (BTC) recovers from Tuesday’s sharp selling, trade experts outlined a path that could push its flagship cryptocurrency to its highest ever high.
Based on historic price patterns, according to a June 18th post, Bitcoin could rise to $145,000 by September 2025. TradingView by Trade shot
The analysis highlighted the weekly time frame as a key bull signal, with Bitcoin closing its fifth consecutive weekly candle on top of the key pivot trend line. This same level served as a strong resistance between December 9, 2024 and January 27, 2025.
In contrast, recent candles have been closed above the trend line, suggesting a change in market structure. The last two weekly candles are almost flat, indicating the consolidation of the market led by a buyer-seller balance.
A gathering with a 40% chance of bitcoin
Using Fibonacci analysis, Tradingshot sets a 1.0 level on the pivot line, predicting a 2.0 extension to just over $145,000, a rally of almost 40% from the current price.
A positive outlook arises shortly after Bitcoin faces a marked downturn amid growing geopolitical tensions involving Iran. As reported by Finbold, the asset has led to a broader market sale over the period.
However, institutional interest continues to be strong. As of June 17, Spot Bitcoin ETF has recorded an inflow of over $1.46 billion since June 9th, according to Santiment’s on-chain data.
Bitcoin price analysis
By press time, Bitcoin had recovered a resistance level of $104,000 and traded at $104,760, increasing nearly a day. Every week, assets are down just 0.1%.
Short-term indicators suggest additional benefits. Bitcoin has a 50-day Simple Moving Average (SMA) just above $104,236, while its 200-day SMA is $87,557, confirming a strong long-term uptrend.
Meanwhile, the 14-day relative strength index (RSI) is 50.63, reflecting neutral momentum with no signs of overbuying or being sold.
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