Bitcoin Traders Predict 140% Gain Amid Bullish Trends

Bitcoin traders are maintaining a bullish outlook, with many anticipating that the cryptocurrency will surpass $140,000 in the current bull market. This optimism is fueled by several factors, including the recent recovery of Bitcoin from a crash and the continued institutional interest in the asset.

Renowned trader Alan Tardigrade recently analyzed that Bitcoin is following an 'ascending broadening wedge' trend, a pattern that has been forming for weeks. According to his analysis, Bitcoin prices could potentially reach the $170,000 level. This view is shared by many in the market, who believe that even if there is an initial downturn to test support levels, Bitcoin will ultimately rebound and reach new highs.

Trader Merlijn also noted that the classic bottom price structure is manifesting as an inverted head-and-shoulders pattern. He predicts that the breakout target could be above $140,000, with the neckline at $113,000 being the only hurdle.

Michael Saylor, the executive chairman of a Bitcoin treasury company, made an ultra-bullish prediction for Bitcoin, stating that it could reach $1 million per coin. This prediction came in response to a recent crash and recovery of Bitcoin, which saw the cryptocurrency fall from $108,350 to $103,660 before regaining 2.35% of its value. Saylor's company currently holds 582,000 BTC, worth approximately $63.85 billion, and has achieved a Bitcoin yield of 17.1% year-to-date in 2025.

The bullish sentiment is also reflected in the on-chain data, which shows that a significant amount of Bitcoin, aged three to five years, was recently moved. This movement is believed to be linked to institutional investors, such as MicroStrategy or spot Bitcoin ETFs, which are likely allocating funds to Bitcoin. However, it is unclear whether these institutions will continue to buy Bitcoin in the near future.

Despite recent geopolitical tensions and market volatility, Bitcoin traders remain optimistic about the cryptocurrency's potential to reach new all-time highs. The bullish sentiment is driven by regulatory anticipation, increasing institutional interest, and the recent recovery of Bitcoin from a crash. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Therefore, investors should exercise caution and conduct thorough research before making any investment decisions.