Bitcoin Reaches All-Time Highs: Key Levels and Scenarios
Bitcoin's price has risen above $125,000, extending its weekly gain to 11.5%. Investors and traders are closely monitoring the market, trying to determine whether the move can continue. Below are three key levels that could determine future momentum.
1. Level around $126,100
This is considered the upper boundary of the expanding channel. If a pullback begins from this level, the price may return to the lower boundary of the range.
2. Target at $135,000
A breakout above the channel will open the way to the next significant level: $135,000. According to options platform Deribit, market makers currently have a 'net long gamma' in this zone.
3. Level $140,000
The $140,000 strike price is the second most popular option contract on Deribit. Large options sellers are interested in preventing the price from settling above this level.
Possible scenarios for Bitcoin
🐂 Bullish scenario
The price is consolidating above $126,100. The next target is $135,000. If buyers maintain the momentum, a test of $140,000 is possible.
🐻 Bearish scenario: The price fails to break $126,100 and enters a correction. The possible downside range is $118,000 – $120,000.
🐢 Neutral scenario (consolidation)
Bitcoin is fluctuating between $122,000 and $126,000. The market is awaiting a new driver—for example, inflation statistics or regulatory decisions.
Conclusion
Bitcoin is currently in a zone where any strong move, up or down, could set the trend for weeks to come.
Source: cryptonews.net
