{"id":8781,"date":"2025-06-04T10:00:23","date_gmt":"2025-06-04T10:00:23","guid":{"rendered":"https:\/\/coinsrise.net\/blog\/bitcoin-to-face-one-last-speed-bump-before-rally-to-140000-analyst\/"},"modified":"2025-06-04T10:00:23","modified_gmt":"2025-06-04T10:00:23","slug":"bitcoin-to-face-one-last-speed-bump-before-rally-to-140000-analyst","status":"publish","type":"post","link":"https:\/\/coinsrise.net\/blog\/bitcoin-to-face-one-last-speed-bump-before-rally-to-140000-analyst\/","title":{"rendered":"Bitcoin To Face \u2018One Last Speed Bump\u2019 Before Rally To $140,000 \u2013 Analyst"},"content":{"rendered":"

Bitcoin (BTC) is attempting to reclaim a crucial level as support, which could propel its price to its local range high. A market watcher suggests that this week\u2019s performance could set the tone for the rest of the month. <\/p>\n

Bitcoin Retest Eyes Massive Rally<\/h2>\n

After losing the $106,800 level last week, Bitcoin has been trying to reclaim this crucial area as support. This recently lost level served as a key support for BTC following its rally to a new all-time high (ATH), with its price hovering between $106,800 and $109,700 before the market retracement.<\/p>\n

However, the flagship crypto dropped over 8% from its $111,980 high amid last week\u2019s pullback, hitting a 10-day low near the $102,000 support over the weekend. This week, BTC has recovered the $105,000 range and surged above the $106,500 mark before being rejected from the crucial horizontal level on Tuesday morning.<\/p>\n

Despite the recent performance, Bitcoin recorded its highest monthly close in history, after ending May at $104,591, and remains within its local range between $103,000 and $110,000.<\/p>\n

Analyst Crypto Jelle noted<\/a> that as the cryptocurrency tries to reclaim the $105,000-$106,000 area, the 1.618 Fibonacci level suggests the next target sits around the $130,000 barrier.<\/p>\n

Moreover, he highlighted<\/a> Bitcoin\u2019s performance this cycle, pointing out that it is displaying a similar performance to its Q4 2024 rally. Notably, the cryptocurrency recorded a trend breakout, followed by a \u201cpost-breakout chop\u201d before surging to new highs.<\/p>\n

Jelle suggested that Bitcoin is in the second stage, after recently breaking out of its early 2025 downtrend line. He also affirmed that Bitcoin\u2019s Power of 3 (Po3) setup is \u201cstill in play\u201d despite the rally pause, targeting the $140,000-$150,000 level during the formation\u2019s price expansion phase.<\/p>\n

Based on this formation, the cryptocurrency only has \u201cone last speed bump,\u201d reclaiming the previous ATH levels, before surging to a new high.<\/p>\n

BTC\u2019s Direction To Be Determined Soon?<\/h2>\n

Market watcher Daan Crypto Trades affirmed<\/a> that the cryptocurrency will likely have an \u201cinteresting\u201d week and month ahead, as its sideways move has allowed for \u201ca ton of positions that have built up on both sides.\u201d<\/p>\n

According to the trader, this suggests there will be \u201ca lot of fuel when price starts trending and breaks out of this local consolidation.\u201d<\/p>\n

Previously, he asserted that BTC tends to set the monthly high or low during the first week of the month, followed by a reversal in the other direction and a trend continuation until the new month.<\/p>\n

Based on this, he considers<\/a> that if Bitcoin doesn\u2019t hold the current levels in the coming days, it could drop below the $100,000 mark, near the $98,000 support zone, before bouncing.<\/p>\n

On the contrary, a significant price jump this week could indicate a price retest of the range lows during the rest of the month.<\/p>\n

As of this writing, Bitcoin trades at $105,889, a 1% increase in the daily timeframe.<\/p>\n

\"Bitcoin,<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) is attempting to reclaim a crucial level as support, which could propel its price to its local range high. A market watcher suggests that this week\u2019s performance could set the tone for the rest of the month. Bitcoin Retest Eyes Massive Rally After losing the $106,800 level last week, Bitcoin has been trying…<\/p>\n","protected":false},"author":1,"featured_media":8782,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[87],"tags":[10,12,772,3324,89,13,25,439,826,252],"class_list":["post-8781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-btc","tag-btc-ath","tag-btc-breakout","tag-btc-price","tag-btcusdt","tag-crypto-analyst","tag-crypto-market-recovery","tag-crypto-market-retrace","tag-crypto-trader"],"_links":{"self":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/8781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/comments?post=8781"}],"version-history":[{"count":0,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/8781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media\/8782"}],"wp:attachment":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media?parent=8781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/categories?post=8781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/tags?post=8781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}