Rally in Bitcoin: Is BTC Ready For $125k

Bitcoin is trading around $109,746, holding just below the $110K psychological resistance. The market is mixed: while seasonal weakness in September (“Red September”) and technical breakdowns suggest caution, strong whale accumulation and institutional demand are providing support.

In this article, we will look at Bitcoin Next target and also look at bitcoin latest news.

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Bitcoin Next Target

Price: ~$109,746 USD
Market Cap: ~$2.18 trillion USD
24-Hour Trading Volume: ~$63 billion USD
Circulating Supply: ~19.91 million BTC
Max Supply: 21 million BTC

The price is bouncing from the support trendline of the falling wedge pattern. A breakout of the pattern will provide a bullish confirmation. Keep an eye on it.

Bitcoin Technical Analysis

Support & Resistance: Support at $101,300–$100,000; resistance around $110,000–$110,600.
Momentum Signals: RSI oversold, MACD bearish.
Moving Averages: Break above $110K could open path to $113,500 (50-day EMA).
Seasonality: September historically weak for BTC, averaging −3.8% since 2013.
ETF Flows: $751 million in outflows in August show caution, but whales are accumulating.
AI Forecast: BTC could average ~$101,500 by end of September.
Long-Term Outlook: Analysts project $200K within 6–12 months, possibly higher if U.S. policy stays pro-crypto.

Latest BTC News Highlights

BTC briefly hit above $110K today, up ~3%.
Other major cryptos like ETH and XRP are lagging behind.
Analysts believe this bull run could extend into 2027, with Bitcoin potentially reaching $200K–$250K in the next year.

Conclusion

Right now, Bitcoin is stuck between strong resistance near $110K and support around $100K. Short term, there’s risk of a dip toward $100K if bearish momentum continues. But if BTC breaks above $110K, it could push toward $113K and beyond.