Bitcoin is once again at the center of global financial headlines, having broken above the critical $120,000 mark and entering uncharted territory. This milestone has ignited a wave of bullish sentiment among top analysts, with some predicting a further rally to $135,000—or even $150,000—if momentum continues.
A Historic Breakout
Bitcoin’s breakout past $120,000 comes after months of sideways movement, and according to technical analysts, the rally is just getting started. One of the loudest bullish voices is Katie Stockton, founder of Fairlead Strategies, who told CNBC that $135,000 is now a realistic “intermediate-term objective” for BTC. She based this projection on a classic measured move approach, which uses the size of a previous price move to estimate how far a breakout might go.
Technical Patterns Support More Upside
Bitcoin’s move also confirmed a breakout from a bull flag formation—an important technical indicator that usually signals a continuation of an existing uptrend. If the pattern holds true, Bitcoin could rally to somewhere between $132,000 and $138,000 before encountering serious resistance.
Institutions In, Retail Still Waiting
The majority of this upward momentum has come from institutional capital. Bitcoin spot ETFs have consistently attracted billions in inflows, and institutional buyers now significantly outweigh retail participants. This is a positive sign for now, as bull runs tend to lose steam when retail enthusiasm overtakes institutional confidence.
While some short-term volatility is expected, analysts remain optimistic as long as Bitcoin can consolidate above the $108,000 level. If it holds this key support and retests resistance, the next leg toward $135,000 or even $150,000 is well within reach.
