Bitcoin’s Dazzling Dance: Will It Waltz to $200K in 2025? 💃🕺

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Key points:

  • Ah, Bitcoin’s “cleanest trend indicator” is positively glowing with bullish charm for the first time since mid-2024. How delightful! 🎉

  • Previous signals have mostly led to a BTC price blow-off top, which is rather like a champagne cork popping, wouldn’t you say? 🍾

  • Market commentators are firmly bullish on the price trajectory during this delightful consolidation after Bitcoin’s latest all-time high. How quaint! 🧐

Bitcoin (BTC) is all set for its “next major leg up,” as a long-term indicator triggers for the first time since mid-2024. Isn’t that just splendid? 🌟

Analysis uploaded to X by the ever-so-astute trading account Stockmoney Lizards on May 28 described an “obvious” BTC price breakout signal. Oh, the drama! 🎭

Analysis on Bitcoin breakout signal: “We’re there”

Bitcoin is ready to repeat its run to a cycle top, just like in 2016 and 2020, according to our dear friends at Stockmoney Lizards. How predictable! 😏

The Optimized Trend Tracker (OTT) tool, which offers price trend insights using moving averages and average true range data, is positively primed for Bitcoin’s next blow-off top. How thrilling! 🎢

“The pattern is so obvious it hurts,” the X post claims, calling OTT the “cleanest trend indicator you can use for macro moves.” One must wonder if they’re wearing rose-tinted glasses! 🤓

In previous cycles, the price retested the cluster of OTT trend lines, going on to highs after cementing them as support. This time, two retest episodes have occurred, with the latter now appearing to come to an end. How riveting! 📈

“We just broke out of the monthly OTT bands. Again,” the post concludes. How utterly predictable! 😏

“OTT bands show you when assets are ready for their next major leg up – and we’re there.”

In terms of targets, Stockmoney Lizards offers up to $200,000 for 2025, with a possible “extension” to $250,000 next year. How ambitious! 💰

Consensus calls for $120,000 BTC price

As CryptoMoon reported, optimism over the Bitcoin bull market continues despite data from CryptoMoon Markets Pro and TradingView showing the price lingering inside its latest consolidation structure. How quaint! 🧐

Near-term forecasts see $130,000 or more, even as the market shrugs off both macroeconomic developments and high-profile speakers at the ongoing Bitcoin 2025 conference. How very nonchalant! 😌

Last year’s conference nonetheless preceded a 30% BTC price crash, leading to concerns that “market memory” may deliver a similar outcome in 2025. How deliciously ironic! 🍂

Examining market activity, onchain analytics firm Glassnode likewise sees a $120,000 visit on the horizon as part of price discovery. How utterly predictable! 📊

“As the market moves into a phase of price discovery, the $120k level appears as a key zone of interest, with sell-side pressure expected to accelerate in and around this zone,” it summarized in the latest edition of its regular newsletter, “The Week Onchain.” How terribly exciting! 🎉

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2025-05-29 15:33