Bitcoin is back in the driver’s seat. After hitting $74,652 earlier this year, BTC has made a V-shaped recovery and is now above $104,000 and heading towards $109,427. This technical pattern – sharp declines followed by sharp rebounds – is a sign of strong market conviction and often precedes big rallies.
Since breaking above the 50-day EMA ($94,870), Bitcoin has been in a steep trend with higher lows and accumulation.
Despite some caution in the momentum indicators, especially the MACD showing decreasing bullish volume, price structure is good. This rebound also comes with institutional flows and broader crypto market optimism.
Bitcoin Price Chart (V-Shaped Recovery) – Source: TradingviewV-Recovery Highlights:
Rebounded from $74,652 to $104,000+ Reclaimed 50-day EMA at $94,870 Targeting $109,427Bitcoin Analysis – Symmetrical Triangle Breakout
Bitcoin price prediction appear bullish in the long run, though short-term analysis indicates indecision. On the 1-hour chart, BTC is coiling in a symmetrical triangle – an indecision zone that often precedes big breakouts. At $104,007, the price is pressing against the triangle’s upper resistance and horizontal barrier at $104,550.
Technically, Bitcoin is looking good beneath the surface. The MACD has turned green, the 50-period EMA ($103,421) is holding as support and recent candles are showing increasing buying pressure and higher lows.
If bulls can confirm a breakout with a strong 1-hour candle above $104,550, BTC could quickly go to $105,668 and possibly $106,685. But if it doesn’t break out cleanly, it could go back to $103,000 or $102,700 before the next attempt.
Bitcoin Price Chart (symmetrical triangle pattern) – Source: Tradingview$120K in Sight for Bitcoin? Macro Momentum Building
With Bitcoin’s V-shaped recovery and technical pressure building, eyes are now on $120,000 – a psychological and Fibonacci extension target if BTC clears $109K cleanly. Short-term resistance needs to be respected but long-term sentiment is getting bullish.
The broader setup is also bullish:
Whale accumulation is increasing, according to on-chain data ETF inflows are strong Institutional sentiment is shifting from cautious to opportunisticConclusion
Bitcoin is looking good on both daily and 1-hour charts. Technicals are in place and sentiment is improving. $120K is not out of reach if bulls can get above $104,550.
BTC Bull Token Nears $6.84M Cap as 71% Staking Yield Drives Demand
As Bitcoin stabilizes above $102K, investor focus is shifting toward yield-generating altcoins—none more so than BTC Bull Token ($BTCBULL). The token has now raised $5.87 million out of its $6.84 million presale goal, with a price increase looming as it enters its final funding stretch.
What sets BTCBULL apart is its flexible staking model, offering an estimated 71% annual yield with no lockups or withdrawal penalties.
This approach gives investors the freedom to earn passive income while maintaining full liquidity—an attractive alternative to traditional DeFi staking protocols.
Key Stats:
USDT Raised: $5,919,969.28/ $6,844,387 Token Price: $0.002515 Staking Pool: 1.47B BTCBULL Yield: 71% APYBTCBULL merges the viral appeal of meme tokens with the real-world utility of DeFi, making it a standout pick for those looking to capitalize on the 2025 crypto cycle.
With under $1 million left before the next price tier, entry at current levels is limited—fueling urgency among retail investors seeking early access to passive yield.
The post Bitcoin Price Prediction: BTC Trading at $103,613 Shows Bullish Momentum After V-Shaped Recovery, Poised to Test $120K Resistance appeared first on Cryptonews.
