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Bitcoin (BTC) price prediction: Trading volume trend is changing, is the next target aimed at 133,000 USD?
Bitcoin (BTC) has broken through its previous historical high, reaching $117,000. Ethereum follows the upward trend, while a series of altcoins like Sui (SUI) and Ripple (XRP) are also experiencing explosive growth on their own momentum. Analysts like JA Schwab, CryptoPatel, WorldOfCharts, and Crypto Rand are closely following the trends, and according to the charts they shared, the situation is starting to look bullish.
Bitcoin breaks historical high, next stop 133,000 USD?
Bitcoin has been fluctuating for several weeks, oscillating narrowly between $104,000 and $108,000. However, once it breaks through that range, it quickly rises, surpassing the previous high, with the current target set at $133,000.
JA Schwab stated that this target is based on measured trends. The structure appears solid, with BTC trading well above its moving averages. As long as the price remains above $108,000 to $110,000, the bulls remain in control.
(Source: Trading View)
Ethereum is on the brink of a major event
The ETH price has not yet broken through, but it is very close. CryptoPatel has noticed that since February, the ETH price has formed a huge head and shoulders pattern.
The neckline is at $2,867, and ETH is testing below that level. If it breaks that level with good volume, the chart shows that the ETH price could rush toward $6,000.
Support levels around $2,400 and $2,198 have remained strong, and as ETH approaches that neckline, more traders are beginning to pay interest.
(Source: Trading View)
Alts are on fire - SUI and XRP lead
As Bitcoin and Ethereum dominate the headlines, altcoins are quietly undergoing significant adjustments. SUI has broken through its long-term downtrend and is currently hovering around $3.47.
Crypto Rand indicates that the range of $2.90 to $3.00 has turned into a support level, and if the momentum continues, $5.00 will become the target to follow.
XRP follows closely. WorldOfCharts states that it has clearly broken out of the descending wedge, with the price rising over 16%. XRP is currently maintaining above $2.35, and if the trend continues, there is still room for a rise, with a target price expected to reach $2.85-$2.90.
(Source: Trading View)
The trend is shifting, and traders have noticed
The pattern that analysts see is as follows: continuous breakouts, each breakout supported by volume. Bitcoin leads the rise, followed closely by ETH, while alts ride the momentum.
If the support area holds and the breakout level has not been breached, we may be witnessing the early stages of larger market fluctuations. Traders are watching the developments closely, and this time, they will not wait for the appearance of bullish candles.
(Source: Trading View)