Bitcoin Price Prediction: BTC Eyes $200K Amid Bullish Cycle

BTC Retests Support as Bullish Structure Holds

The latest graphs indicate that Bitcoin (BTC) has reached its maximum historical weekly close, which proves a strong continuation of the bullish trend. According to analysts, the asset has been following its long-term rising structure since early 2023. It recently closed higher than $120,000, which now becomes a significant pivot in the next move. Near-term resistance is noted around $160,000, whereas the support is at $118,000. 

Even though volatility was short-lived over the weekend, the structure is constructive, which indicates a continuity of momentum before the next stage.

BTC Retests Support as Bullish Structure Holds

Analysts noted a strong trend line that strengthens this cycle.  Repeated retests through such a diagonal structure show that there was great involvement of buyers and institutional demand. 

Moreover, the $120,000 level was confirmed as dynamic support by the turnaround near the zone. Momentum indicators suggest a continuation of the uptrend with price recovering this level. As compared to previous bull cycles of 2016 and 2020, the current cycle is in an acceleration phase, which could trigger parabolic moves.

BTCUSD CHART | SOURCE: X

At the same time, short-term activity over the weekend reflected a temporary deviation. The token surged to a new ATH before retracing back to its CME close, a common occurrence during low-liquidity sessions. This pullback helped reset intraday metrics without disrupting the broader bullish structure. 

BITCOINUSD 15. CHART | SOURCE: X

Although there was a small futures gap, this is technically insignificant. The bigger unfilled gaps, like the $110,000 CME gap, will most probably receive attention, provided the crypto continues to retrace towards such points.

BTC Consolidates Gains

Besides, the atmosphere in the crypto-sphere is optimistic, which is sustained by fresh inflows of liquidity and the continued participation of institutions. Traders are optimistic since volatility is calm, and spot demand continues to absorb selling pressure. The digital asset market as a whole is holding its position with strength in key pairs and other alternative tokens.

Adoption trends are also contributing to the trend. The integration of blockchain infrastructure, cross-chain interoperability, and the emergence of new applications in the DeFi sector are contributing to the ecosystem's confidence. Platforms of an institutional grade are spreading exposure, while affirming that the cycle could rise beyond previous standards on the condition that the current situation persists.

Technical structures and timing of the cycle indicate that a further rally could take place in late 2025. In case the asset continues to stabilise at the current support, a push towards the range of $160,000 to $200,000 is possible. BTC is currently trading at approximately $123,725, and consolidation after recent highs, retaining the bullish inclination. Should liquidity remain favorable, this arrangement could be the first sign of the next significant phase in the current bull market.