Bitcoin Targets $130K Rally After $103K Retest Sparks Optimism

Bulls Eye $130K as Bitcoin Holds Key $103K Support

Bitcoin is maintaining support near the $103,000 level after a volatile correction that left traders divided of its next move. Analysts still diverge between a downward move to $92,000 or a breakout run that can propel BTC to $130,000 and more. The current structure shows a struggle between the immediate bearish pressure and a strong long-term uptrend. This configuration still draws strategic investing that forms the current Bitcoin price prediction narrative.

Bears Test $103K Support

Analyst Ted has warned of Bitcoin's fragility below $108,000 after several failed attempts to reclaim higher zones of resistance. The chart highlights a major support zone of $103-$102K, which may potentially dictate the future moves. Loss of this level could initiate a deeper downside to $97-$92K where an unfilled CME gap awaits.

BTCUSD 1D CHART | SOURCE: X

Technically, BTC is still printing lower highs and lower lows, making it bearish in the short term. Supply clusters between $106-$117K remain to cap any rally attempts. Meanwhile, the demand zones below $99,000 show where buyers might try to re-enter if price dips further. Ted warned that a rebound above $106K could be an indication of stability. Otherwise, the trend could move down further until a more powerful recovery is confirmed.

Bitcoin Price Prediction: Channel Structure Bullish

On the other hand, analyst NekoZ viewed Bitcoin's current pullback as a healthy retest within the current macro uptrend. The analyst shows BTC respecting an ascending parallel channel that has guided price action since early 2024. Each retest of the lower boundary, including the latest one near $103,000, has sparked powerful upward rallies.

BTCUSD 1W CHART | SOURCE: X

According to NekoZ, the long-term structure of Bitcoin is still intact, and the next move might target an expansion to $130,000, then to range highs of between $150,000 and $180,000. This pattern symmetry increases the conviction of the bullish scenario, suggesting that the current consolidation is a setup for the next wave higher. As long as the weekly closes are above the lower boundary, the uptrend remains the dominant force in the Bitcoin price prediction outlook.

Liquidity Map Hints at Short Squeeze Potential

Additionally, analyst Max Crypto offered a view based on liquidity through Coinglass heatmaps. The bottom of the chart shows that downside liquidity at $95,000 is dying, and a big pool of liquidity is accumulating above $110-120K. This difference indicates that short traders may be over-invested, creating the conditions for a squeeze.

Bitcoin Liquidity Heatmap | Source: X

Historically, rapid upswing moves have followed such price liquidity clustering as overleveraged shorts are liquidated. If BTC breaks through the $110,000 resistance, it could cause a cascade of buy orders that will drive the price further up towards key resistance levels.

With technicals aligning around these viewpoints, Bitcoin price prediction models continue to be optimistic. A break above $103,000 could signal the beginning of a new accumulation phase, while a break towards $130,000 could be the initiation of Bitcoin's next significant rally.