Bitcoin Price Prediction: BTC Momentum Builds Fast Toward $136K Target

BTC nears critical $120K resistance as bulls and bears prepare for a breakout battle. With bullish momentum on the rise and liquidation events creating volatility for bears, it seems that the crypto asset is poised to breakout. However, is the $136K level the next stop?

Let’s analyze recent chart, data, and top analysts' view for long and short term Bitcoin price prediction  next target.

Why Is Bitcoin Going Up Today? Liquidation Heatmap

Over the past 24 hours, Bitcoins price surged near $119,000, bringing it closer to a key level identified by analysts. The surge came after a massive wave of liquidations wiped out short sellers.

According to updated stats, more than 177,000 traders were liquidated, totaling over $823 million in losses.

One huge trade on Binance alone wiped out nearly $51 million in BTC shorts. The sudden squeeze pushed the market upward and left bearish traders scrambling. That’s one reason the token is moving so fast right now.

Another reason to watch is the bitcoins dominance chart, which shows that capital is flowing back into BTC from altcoins. Even public figures are joining the narrative. Eric Trump recently tweeted “Buy the dips!”, which many saw as a signal that large players are watching closely.

What’s Fueling The Rally? Glassnode Data Reveals

On-chain analytics platform Glassnode shows that BTC is now trading around +1 standard deviation above the short-term holder cost basis, which sits near $120K. Historically, this is a pressure point where price either pauses or explodes.

If it stays strong and breaks this barrier, the next Bitcoin price prediction $136K target will be clear, sitting at +2 standard deviation level. This level has acted like a magnet during past bull phases.

That makes this Bitcoins price next target more than just hope—it’s backed by historical behavior.

BTC Chart Indicators: RSI and MACD Say a Lot

Let’s break down the technical view. The RSI is now at 69.07, just one step from the classic overbought zone. This Bitcoin news today shows that while momentum is strong, buyers may soon take a break.

However, the MACD indicator still signals upside. The gap between the MACD and signal line is wide, and the histogram remains green — all pointing to bullish energy. For now, the btc price next target still looks intact .

Bitcoin Price Prediction $136K Target and Overheated Zone

Despite all the optimism in Bitcoins news today, traders must stay alert. The cryptocurrency has entered a red zone on the Glassnode risk model, meaning it’s now trading well above the average cost for recent buyers. This zone has previously led to short-term tops or sideways action.

So, while the bitcoin price today looks exciting, it’s not a free pass to enter without a plan. Pullbacks can happen fast, especially when RSI is this high.

BTC Price Outlook: $128K – $136K Range

• If Crypto holds above resistance, expect an extended rally

• MACD and volume trends support higher targets

Final Thoughts: Watch the Breakout Zone

The bitcoin price prediction today is all about one number: $120,000. This is the gate to something bigger. If bulls break through with real volume, then BTC next price target $136K becomes more than possible.

Just don’t ignore the warning signs and always do your own research before investing. The market is moving fast, and momentum can flip at any point.