Bitcoin News Today: Bitcoin Targets $135,000 as Momentum Builds

Bitcoin, the leading cryptocurrency, continues to show strong momentum, with analysts predicting further gains before a significant correction. Katie Stockton, Founder and Managing Partner of Fairlead Strategies, suggests that Bitcoin could climb as high as $135,000 in the coming weeks. This prediction is based on strong technical indicators and historical price patterns.

Stockton's analysis is supported by the recent price breakout, which followed a seven-to-eight-week consolidation period. This breakout cleared the $108,300 level decisively, indicating a refreshed uptrend. Using measured move projections, Stockton's team at Fairlead estimates that Bitcoin could reach approximately $135,000 as its next intermediate-term target. Despite the aggressive nature of this prediction, recent market movements have made it seem more plausible.

The daily chart of Bitcoin shows continued upside momentum, with the Relative Strength Index (RSI) at 65.15, just shy of the overbought zone. The Moving Average Convergence Divergence (MACD) remains in bullish territory, indicating sustained momentum. However, the Stochastic RSI has begun to turn downward from the 90s, suggesting potential short-term exhaustion. Despite a minor dip below $117,000, Bitcoin remains well above both its 50-day and 200-day Moving Averages, supporting the $135,000 target in the intermediate term.

Historical trends also support the idea that Bitcoin does not correct immediately after breaking all-time highs. In 2017 and 2021, Bitcoin continued rallying for 3–6 months post-ATH before topping out. The current run, starting in late 2024, mirrors this pattern, with fresh highs still relatively new. If history repeats, Bitcoin could push higher into Q4 2025 before a significant drawdown sets in. While momentum may slow intermittently, the broader trend suggests that the $135,000 target remains well within reach before any major correction takes hold.

The derivatives market also supports the idea of more upside ahead. Aggregated Open Interest surged past $41 billion, showing growing participation but not reckless leverage. The Aggregated Funding Rate hovered at 0.0183, a relatively neutral level, indicating that traders are leaning bullish but not in an overheated way. The absence of spiking Funding Rates means the rally isn’t being driven by excessive long speculation, which often precedes sharp corrections. Combined with the steady climb in price and historical patterns, Bitcoin’s move toward $135,000 may still be unfolding, not topping out.