Analysts target $120K to $250K for Bitcoin in market surge
Bitcoin receives bullish signals from Its cleanest trend indicator
An analysis shared on May 28 by the trading account Stockmoney Lizards on X describes a “clear” breakout signal for BTC price.
According to Stockmoney Lizards, the Optimized Trend Tracker (OTT) — a tool that analyzes price trends using moving averages and average true range data — shows Bitcoin is poised to repeat its cycle-top rally like it did in 2016 and 2020.
The post claims OTT is "the cleanest trend indicator you can use for macro moves."
In previous cycles, Bitcoin price retested the OTT trendline cluster and hit new highs after confirming it as support. This time, there have been two retest events, with the latest one seemingly ending now.
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“We just broke out of the monthly OTT range... The OTT bands show when assets are ready for their next major rally — and we’re there,” the post states.
Consensus points to $120K BTC price
As reported by Cointelegraph, bullish sentiment remains despite Cointelegraph Markets Pro and TradingView data showing Bitcoin’s price still within its recent consolidation structure.
Short-term projections aim for $130K or more, even as the market ignores macroeconomic developments and top speakers at the ongoing Bitcoin 2025 conference.
Blockchain analytics firm Glassnode sees a $120K price ahead.
“As the market enters a price discovery phase, the $120,000 level appears to be a key area of interest, with selling pressure expected to rise around that zone,” the latest The Week Onchain newsletter reads.
Stockmoney Lizards predicts $200K–$250K in 2025
As for price targets, Stockmoney Lizards suggests Bitcoin may hit $200,000 in 2025, with a potential "extension" to $250,000 the following year.
Still, last year’s Bitcoin conference preceded a 30% drop in BTC price, raising fears that “market memory” could cause a similar correction in 2025.
As we wrote, analyst Kharitonov says risks of Bitcoin correction are low
