Is Bitcoin About to Shock the World? New Price Prediction Sees $124,000 Target

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Arslan Butt

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Arslan Butt

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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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Last updated: 

April 27, 2025

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Bitcoin (BTC/USD) is trading around $95,430 after staging an impressive rebound off key support near $92,860. The premier cryptocurrency has reclaimed the 50-period EMA ($93,760) on the 2-hour chart, signaling that bullish momentum is back in play.

Prominent crypto strategist Burak Kesmeci has fueled optimism by projecting Bitcoin could climb toward $124,000, based on insights from the Golden Ratio Multiplier price model. This model—popular among long-term investors—uses moving averages and Fibonacci ratios to forecast major market moves.

Recently, Bitcoin tested the critical 350-day moving average (350DMA) at $77,000, briefly dipping to $75,000 before bouncing higher.

Historically, touching the 350DMA often signals prime buying opportunities, and BTC’s strong recovery to $96,000 has reinforced confidence that a new rally could be underway.

Understanding the Golden Ratio Multiplier Model

The Golden Ratio Multiplier provides a roadmap for Bitcoin’s long-term price cycles. It highlights when BTC is either undervalued (accumulation phases) or nearing a potential market peak.

According to Kesmeci, Bitcoin is now moving toward the 1.6x Accumulation High—a key level calculated as 1.6 times the 350DMA. Based on current metrics, this target sits around $124,000.

Key highlights:

• 350DMA level: $77,000 (major support retested)
• 1.6x Accumulation Target: $124,000
• Recent rebound: BTC rose from $75,000 to nearly $96,000

If Bitcoin reaches this target, it would mark the conclusion of its current accumulation phase and likely spark the next major bullish trend. Historically, hitting this band has often preceded strong price expansions.

Bitcoin Technical Outlook: $95,850 Resistance in Focus

On the short-term chart, Bitcoin is showing encouraging signs of strength. After defending the $92,860 trendline support, BTC is now pressing against the immediate resistance at $95,850.

A confirmed breakout above this level could set the stage for a rally toward $97,570 and even $99,420.

Trade Setup:

• Buy Breakout: Above $95,850
• Upside Targets: $97,570 and $99,420
• Support Levels: $93,760 and $92,860
• Stop-Loss: Below $92,800

Patience remains critical. Traders should wait for a clean breakout with strong volume to confirm bullish momentum and avoid getting caught in sideways price action.

Summary:

• Bitcoin eyes $124,000, guided by the Golden Ratio Multiplier model.
• A short-term breakout above $95,850 could spark fresh upside momentum.
• Long-term accumulation indicators remain highly favorable for bulls.

BTC Bull Token Crosses $5M Milestone as 80% Yield Fuels Staking Surge

Investor interest in BTC Bull Token ($BTCBULL) remains strong, with $5,099,050 raised out of a $5,841,511 target. The token is now priced at $0.002485 as the presale rapidly approaches its next price increase.

BTCBULL stands apart from typical meme tokens by offering utility-driven staking rewards. Investors can earn an estimated 80% annual yield while retaining full liquidity—unstaking is available anytime with no penalties.

High-Yield Staking with Flexible Access

BTCBULL continues to set itself apart from typical meme assets by focusing on sustainable utility. The project’s staking program offers an estimated 81% annual yield, complemented by Bitcoin-backed distribution rewards.

Crucially, users retain full liquidity with the ability to unstake anytime—no mandatory lockup periods or penalties.

Latest Staking Snapshot:

• Tokens Staked: 1,304,753,147 BTCBULL
• Annual Yield: 80% APY
• Unstaking: Available at any time

This flexible structure appeals to both yield hunters and investors seeking upside potential without giving up liquidity.

Presale Snapshot: Final Stretch Before Repricing

With less than $742,500 remaining to hit the next milestone, BTCBULL’s presale is entering its final stretch. Early movers are positioning for potential upside, combining Bitcoin-linked rewards with meme-token growth.

BTCBULL’s flexible, high-yield model offers an attractive entry point for investors seeking strong returns and liquidity as crypto market momentum builds.