As Bitcoin (BTC) inches closer to a potential new all-time high, possibly $120,000, an analyst is cautioning that the current bull market may be approaching its final stretch.
According to MasterAnanda, Bitcoin is confronting its final major resistance level before entering full price discovery.
This level could cap the current rally, with a market top likely in late 2025 and a downturn following, he said in a TradingView post on May 18.
MasterAnanda pinpointed the resistance zone between $120,000 and $130,000, levels that align with projections from fellow analyst Tradingshot, who anticipates Bitcoin hitting $130,000 by June 2025, as reported by Finbold.
Bitcoin price analysis chart. Source: TradingView
However, a significant mid-cycle correction in this range could suppress Bitcoin’s upside potential. For the cryptocurrency to reach its full bullish target, potentially between $180,000 and $220,000, the trading expert suggested that any meaningful pullback shoul
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