Bitcoin (BTC), the flagship crypto asset, presently trades above $104,000 following a major 10.98% price rally within the last week. Despite recent sideways movements after a rejection within the $105,700 zone, certain trading indicators signal this uptrend is more likely to proceed resulting in latest price discovery.
Bitcoin Growth Hinges On Two Critical Resistance Levels
In a recent post on X, renowned crypto analyst Burak Kesmeci shared an interesting forecast on the BTC market based on the Bitcoin Gold Ratio Multiplier.
Because the name implies, the Bitcoin Gold Ratio Multiplier measures the relation between BTC’s price and the worth of gold, offering a perspective on market sentiment and price momentum. It’s used to evaluate the valuation of BTC relative to gold and can even discover potential mean reversion points by leveraging historical relationships and trends between each assets.
In line with Kesmeci, the Bitcoin Gold Ratio Multiplier has pinpointed $111,000 as the subsequent major resistance level for the premier cryptocurrency as a result of historical trading patterns. Due to this fact, investors should anticipate a significant price pullback as BTC approaches this price zone. Nevertheless, strong market catalysts comparable to a powerful institutional demand aa currently seen may sustain a price rally beyond this resistance.
On either side, this prediction indicates that Bitcoin potentially has more room to run despite recently facing rejection at $105,700. As well as, the present uptrend is more likely to push BTC past its current all-time high of $108,268 resulting in uncharted price zones.
While $111,000 is seen as a critical short-term hurdle, the Bitcoin Gold Ratio Multiplier also identifies a long-term resistance at $139,000 represented by a red trend line.
On this context, the red trend level represents the road separating the present bull market phase from ah explosive growth phase. Burak Kesmeci postulates that the “real fun” will start if BTC bulls can push past $139,000 indicating the potential for a parabolic rally as compared to previous price surges.
BTC Price Overview
At press time, Bitcoin trades at $104,887 after a 0.84% price decline within the last 24 hours. As well as, the asset’s each day trading volume has crashed by 29.30% falling to around $50.6 billion. Optimism across the leading cryptocurrency stays high as 2025 represents the ultimate 12 months of the bull cycle through which massive price surges have been historically recorded.
This notion combined with the expectations of US pro-crypto policies following the inauguration of Donald Trump adds to the thrill around Bitcoin for the time being. Due to this fact, analysts proceed to peg lofty price expectations for the crypto asset starting from $145,000 to as high as $350,000.
Featured image from CCN, chart from Tradingview