How high can Bitcoin rally before it truly ‘corrects’ itself’? Analyst says…

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.