#比特币突破11万美元# due to BTC's strong momentum, crypto trader Titan of Crypto noted that Bitcoin's price target remains at $135,000 in 2025. By tracking Bitcoin's returns over the past two years in terms of key high timeframe resistance and support levels, the forecast uses the Fibonacci extension tool, which determines price targets by measuring previous price movements. The 1.618 Fibonacci level extends from swing lows to swing highs, aligning with $135,000 to $140,000, identifying potential targets.

Veteran trader Peter Brandt pointed out that such milestones "are not technically significant" during a bull market. The trader stated, "Bull markets always set new historical highs. That is the definition of a bull market. By the end of August, prices could break through $125,000 to $150,000???"
In contrast, technical analyst Gert van Lagen has set a much higher price level, between $300,000 and $320,000. In a recent X post, Van Lagan noted that Bitcoin broke out of a four-year-old bullish "megaphone" pattern marked by trend line divergence, rising highs, and lower lows, signaling a possible sharp rise after breaking through the upper resistance level.
Analysts using the Elliott Wave Theory point out that BTC is in the final wave of the impulse cycle, supporting the bullish view that Bitcoin could rise again by 170% to 190%.
Despite the market gradually moving towards prosperity, Alphractal CEO João Wedson advises investors to remain cautious and patient. The analyst pointed out that the BTC heat map shows prices moving towards high leverage areas, indicating that market makers may target overconfident traders for liquidation. Wedson emphasized that the public's obsession with historical highs could pose traps for both bulls and bears. Therefore, "it is crucial to always manage risk."