BTC Price Prediction: Bitcoin Eyes $120,000 Target After Breaking $115,000 Resistance
Caroline Bishop Sep 11, 2025 00:39
Bitcoin technical analysis points to $120,000 medium-term target as BTC breaks above key moving averages with bullish MACD momentum confirmation.
BTC Price Prediction Summary
• BTC short-term target (1 week): $117,030 (+2.9% from current levels) • Bitcoin medium-term forecast (1 month): $115,000-$124,500 range • Key level to break for bullish continuation: $117,030 immediate resistance • Critical support if bearish: $107,255 strong support zone
Recent Bitcoin Price Predictions from Analysts
The latest BTC price prediction landscape reveals a cautiously optimistic consensus among major analysts. Fundstrat's Tom Lee leads the bullish charge with his Bitcoin forecast targeting $120,000, backed by anticipated Federal Reserve rate cuts and historical rebound patterns. His high confidence rating aligns with our technical analysis showing strengthening momentum indicators.
LiteFinance's Roman Onegin presents a compelling BTC price target of $115,940 based on Elliott Wave analysis, suggesting the completion of a bearish impulse wave. This technical perspective complements the current price action sitting just below this projected level at $113,713.
The contrarian view comes from Changelly's more conservative BTC price prediction of $108,332, factoring in September's historically weak performance for Bitcoin. However, Rekt Fencer's analysis drawing parallels to the 2017 cycle suggests potential for a strong rally above $124,500, creating an interesting dynamic between seasonal patterns and cyclical behavior.
BTC Technical Analysis: Setting Up for Upside Breakout
Current Bitcoin technical analysis reveals several bullish confluences supporting higher BTC price prediction targets. The MACD histogram reading of 548.1253 indicates strengthening bullish momentum, while Bitcoin sits at 0.8227 position within the Bollinger Bands, approaching the upper resistance at $115,032.
The moving average structure supports this Bitcoin forecast, with price trading above both the 7-day SMA ($111,895) and 20-day SMA ($111,313), while maintaining significant distance above the 200-day SMA ($102,064). This configuration typically precedes sustained upward moves in Bitcoin's price history.
RSI at 53.59 provides adequate room for further upside without entering overbought territory, while the Stochastic oscillator reading of 91.50/%K suggests Bitcoin may experience brief consolidation before the next leg higher. The daily ATR of $2,592 indicates normal volatility levels, supporting controlled upward price movement.
Bitcoin Price Targets: Bull and Bear Scenarios
Bullish Case for BTC
The primary BTC price target sits at $117,030, representing the immediate resistance level that needs breaking for bullish continuation. Successfully clearing this zone opens the door to Tom Lee's Bitcoin forecast of $120,000, supported by potential Federal Reserve policy shifts and institutional demand.
The ultimate bullish BTC price prediction extends to $124,500, aligning with Rekt Fencer's analysis and representing Bitcoin's path toward new cycle highs. This scenario requires sustained momentum above current resistance levels and favorable macroeconomic conditions supporting risk assets.
Technical confirmation for these targets comes from the bullish MACD crossover potential and Bitcoin's position above key moving averages. Volume analysis shows increased participation during recent price advances, suggesting institutional accumulation patterns.
Bearish Risk for Bitcoin
The primary risk to bullish BTC price prediction scenarios lies in a breakdown below $112,981 pivot support. Such a move would target the $107,255 strong support zone, representing approximately 6% downside from current levels.
A more severe bearish scenario could see Bitcoin test the lower Bollinger Band at $107,593, particularly if September's historical weakness intensifies. The worst-case BTC price target extends to $105,000-$100,000, though such levels would require significant fundamental deterioration or broader market stress.
Risk factors include potential Federal Reserve hawkishness, regulatory uncertainty, or broader cryptocurrency market weakness that could invalidate current bullish momentum readings.
Should You Buy BTC Now? Entry Strategy
Current levels around $113,713 present a reasonable entry point for those bullish on the medium-term Bitcoin forecast. However, optimal buy zones exist on any pullback toward $111,313 (20-day SMA) or $112,981 (pivot support), offering better risk-reward ratios.
For conservative investors, waiting for a confirmed break above $117,030 resistance provides higher probability entries, though at reduced upside potential. Stop-loss levels should be placed below $107,255 for swing trades, representing the key support that invalidates the bullish BTC price prediction.
Position sizing recommendations suggest allocating 2-5% of portfolio value to Bitcoin at current levels, with the ability to add on confirmed breakouts above resistance. This approach balances upside participation with downside protection.
BTC Price Prediction Conclusion
Our comprehensive Bitcoin technical analysis supports a bullish BTC price prediction with medium-term targets of $120,000. The confluence of positive momentum indicators, favorable moving average structure, and analyst consensus creates a compelling case for higher prices over the next 4-6 weeks.
Key indicators to monitor include MACD signal line crossovers, sustained closes above $115,032 (upper Bollinger Band), and volume confirmation during breakout attempts. Any breakdown below $107,255 would invalidate this bullish Bitcoin forecast and require reassessment.
The timeline for this BTC price target achievement extends through October 2025, aligning with historical patterns of autumn strength following September weakness. Confidence level: MEDIUM-HIGH based on technical confluences and analyst consensus supporting upward momentum.
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