Bitcoin’s price had a bit of a rough start to 2025, struggling with economic uncertainty. But things are looking up! Bitcoin’s price has jumped over 25% this quarter, beating out many other major cryptocurrencies. Could it go even higher?
Key Price Levels to Watch
Analyst Burak Kesmeci thinks so. He’s identified some crucial price points using a technical analysis tool called the Golden Multiplier Ratio. This tool uses Fibonacci numbers and the 350-day moving average to predict potential price highs and lows.
Here’s what Kesmeci sees:
- Resistance at $127,000: This level is 1.6 times the 350-day moving average and has acted as a mid-cycle high in previous bull runs. Bitcoin needs to break through this to have a shot at the next level.
- Resistance at $159,000: This is twice the 350-day moving average and has historically marked the peak of Bitcoin’s price cycles.
- Support at $80,000:
This is the crucial support level. If Bitcoin falls below this, Kesmeci’s bullish prediction could be wrong. This area usually sees a lot of long-term buying.
The Bottom Line
Kesmeci’s analysis uses moving averages, so these price points could shift as Bitcoin’s price changes. As of now, Bitcoin is trading around $103,275. While his prediction is bold, it’s based on historical patterns. Only time will tell if Bitcoin reaches these lofty heights.
