How high can Bitcoin rally before it truly ‘corrects’ itself’? Analyst says…
2025-07-16 04:06:18
Main Idea
Analyst Katie Stockton predicts Bitcoin could rally to $135,000 in the coming weeks, supported by strong technicals and historical price patterns, despite signs of short-term exhaustion.
Key Points
1. Bitcoin's breakout followed a 7-8 week consolidation, clearing the $108,300 level and targeting $135,000 as the next intermediate-term goal.
2. Technical indicators like RSI (65.15) and MACD remain bullish, though Stochastic RSI shows potential short-term exhaustion.
3. Historical trends suggest Bitcoin may continue rallying for 3-6 months post-ATH, similar to 2017 and 2021, with a possible peak in Q4 2025.
4. Derivatives data shows controlled optimism, with Open Interest at $41 billion and neutral Funding Rates (0.0183), indicating sustainable bullish momentum.
5. BTC remains above its 50-day and 200-day Moving Averages, supporting the $135K target despite minor pullbacks.
Description
Fairlead’s Katie Stockton says Bitcoin’s breakout was clean and that there’s still room to run.
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