Bitcoin Price Prediction: Bulls Target $125K Amid France BTC Push

France’s Strategic Bitcoin Reserve Plan Fuels Bullish Outlook

Bitcoin remains in market focus as price movements hold above key technical zones. According to seasoned analysts, there have been varied yet complementary Bitcoin price predictions showing that the leading digital currency is approaching a critical level. With the entire world gaining interest in Bitcoin and reports of France considering a 2% BTC reserve, the conditions are set for a breakout in the coming weeks.

Critical Rebound from $113,500 Support

Analyst Ted pointed out that BTC has been strong in holding the $113,500 support zone, which has historically served as a boundary between consolidation and growth. The recent recovery from this zone strengthens confidence among buyers that bulls are well on top of the short-term direction.

BTCUSD 1D CHART | SOURCE: X

Moreover, short-term resistance is in the range of $117,500- $119,000, a zone where the crypto has been met with numerous rejections. A strong breakout and a continued stay above this zone would push the price to the level of $121,000 with a Bitcoin price prediction of around $124,000-$125,000. This would be a positive indication of new bullish strength and would justify the short-term continuity trend shown on the charts.

However, Ted cautions that a failure to maintain the level of $113,500 could lead to further retreats to $110,000 or even $105,500. These levels are liquidity ranges seen in previous cycles where buyers took over the market. The analyst highlighted that the critical decision point between bulls and correction is at $113,500.

Trendline Defense Defines BTC Price Prediction

Additionally, analyst Ali presented a wider perspective that focused on BTC's ascending trendline, which has served as long-term support since early 2023. Successive retests of this line have created huge rallies, with the price soaring from $35,000 to $70,000 and beyond. This consistent response suggests a gradual buildup by investors.

BTCUSD 3D CHART | SOURCE: X

The asset is now approaching this key zone, where a rebound would confirm the macro bullish bias, resulting in upward movement to new highs. On the other hand, a downturn below the trendline would be the first structural failure since the recovery phase commenced that could lead to deeper pullbacks.

Furthermore, the analyst noted that this point defines the bullish Bitcoin Price Prediction bias. A successful defense is an indication of a sustained uptrend, while a break could reset the whole cycle pattern.

France’s Bold Move Adds Global Momentum

Bringing another tweak to the Bitcoin Price Prediction argument, France's reported a plan to purchase 2% of the total BTCs in circulation, adding a potent macro catalyst. If it is implemented, it would be the first major country in Europe to make the crypto an officially recognized national reserve. This move would highlight the increasing use of Bitcoin both as a strategic financial tool and a hedge against inflation in the face of changing economic trends globally.

SOURCE: X

As technical and geopolitical forces converge, the crypto is at a significant point, as both market dynamics and policy could determine the future trend.