Bitcoin Price Headed to $135K? Analyst Confirms Bullish Uptrend Despite Market Noise
Bitcoin (BTC) has reclaimed the $85,000 level once again, marking the eighth time this week it has hovered around this zone, according to CoinGecko. While the price action appears sideways, analysts believe the broader bullish trend remains intact.
One such voice is Titan of Crypto, who insists the Bitcoin price is still on track to reach $135,000 in 2025. Backed by Fibonacci analysis, the trader suggests that even if BTC faces short-term pullbacks, the larger uptrend is undisturbed. “The path to higher highs is still open,” he noted, forecasting a climb first to $107,000, then a breakout to $135K.
$135K Target Based on Megaphone Pattern
Titan of Crypto also highlighted a “megaphone pattern” — a broadening formation with increasing volatility — currently developing on Bitcoin’s chart. If this pattern mirrors historical behavior, Bitcoin could even reach as high as $186,500, referencing previous cycles like the 2017 rally and correction.
However, there are near-term hurdles. BTC remains stuck below the Ichimoku Kumo Cloud, a technical resistance zone that has been capping gains. The upcoming Easter weekend may also dampen momentum due to reduced market liquidity, which often triggers choppy price swings.
Whale Accumulation Signals Strength
Meanwhile, whales and sharks are aggressively accumulating BTC. According to Santiment, wallets holding between 10 and 10,000 BTC now control a record 67.77% of the total supply. Since March 22, these large investors have added over 53,600 BTC, valued at more than $4.5 billion — including a $250 million buy just before the latest surge above $85K.
Macro analyst Kyle Chasse added more fuel to the bullish case, pointing to a $106.7 trillion liquidity expansion by central banks worldwide. “BITCOIN IS NEXT,” he declared, framing the asset as a hedge against inflation and fiat currency devaluation.
Conclusion: Rally Brewing or Resistance Holding?
Though Bitcoin continues to face resistance at $85,000, the combination of whale activity, technical indicators, and macro liquidity trends suggests a potential breakout could be on the horizon. For now, the bullish megatrend remains firm — and $135K could still be in play.
