Delving into the stimulating world of cryptocurrency, Bitcoin (BTC), the undisputed leader of digital assets, has hit a staggering high above $104,000, recording a striking 10.98% rally over the past week. Although the digital currency experienced several sideways shifts after meeting resistance in the $105,700 zone, certain key indicators suggest the likelihood of this upward trajectory persisting, thereby leading to fresh record-breaking prices.
The Fate of Bitcoin’s Growth Relies On Two Significant Resistance Loops
Crypto enthusiast Burak Kesmeci recently sparked excitement in the digital asset space by proposing a promising prediction for Bitcoin’s progress, drawing on insights from the Bitcoin Gold Ratio Multiplier. This unique tool measures the correlation between Bitcoin’s price and the value of gold, providing a window into market psychology and price dynamics.
Used predominantly to gauge the valuation of Bitcoin against gold, it can also help detect potential points for mean reversion by utilising historical patterns and connections between the two assets. As per Kesmeci, the Bitcoin Gold Ratio Multiplier has identified $111,000 as the next crucial resistance mark for the top cryptocurrency, owing to past trading trends.
Investors are thus advised to brace for a significant price retraction as Bitcoin nears this price point. That being said, potent market triggers like robust institutional demand could propel a price rally beyond this resistance.
Source: @burak_kesmeci on X
Meanwhile, this projection implies that Bitcoin may still have a significant upside, despite the recent setback at $105,700. The anticipated uptrend is expected to catapult Bitcoin beyond its current peak of $108,268 and into unexplored territory in terms of price points.
While the $111,000 mark remains a pivotal short-term barrier, the Bitcoin Gold Ratio Multiplier also points to a longer-term resistance level set at $139,000. This red trend line demarcates the current bull market phase from a potential explosive growth phase. According to Kesmeci, crossing the $139,000 mark could kick-start an era of exponential growth and unprecedented price jumps for Bitcoin.
Snapshot of Bitcoin’s Performance
At the time of writing, Bitcoin hovers at $104,887, reflecting a marginal 0.84% price drop in the previous 24 hours. Concurrently, the daily trading volume of the asset plummeted by 29.30% to around $50.6 billion. Regardless, the sentiment surrounding Bitcoin remains largely positive, with 2025 earmarked as the final year of the bull cycle, historically known for extraordinary price spikes.
The anticipation of favourable crypto policies in the United States, following Donald Trump’s inauguration, adds further fuel to the excitement around Bitcoin. Consequently, market pundits foresee incredibly high price targets for Bitcoin, with predictions ranging from an ambitious $145,000 to an eye-popping $350,000.
BTC price as seen on the daily chart | Source: BTCUSDT chart on Tradingview.com
Frequently Asked Questions
What is the Bitcoin Gold Ratio Multiplier?
The Bitcoin Gold Ratio Multiplier is a tool that measures the relationship between Bitcoin’s price and the value of gold. It offers insights into the market mood and the price momentum of Bitcoin.
What are the significant resistance levels for Bitcoin?
According to crypto analyst Burak Kesmeci, the Bitcoin Gold Ratio Multiplier identifies $111,000 and $139,000 as short-term and long-term resistance levels for Bitcoin respectively.
What is the current price of Bitcoin?
As of now, Bitcoin is trading at around $104,887 having experienced a slight price fall of 0.84% in the last 24 hours.
What are the expectations for Bitcoin’s price in the future?
Market analysts forecast an extremely bullish future for Bitcoin, with price predictions ranging from $145,000 to as much as $350,000.
Featured image from CCN, chart from Tradingview.
