The Bitcoin price has evolved on the side during recent sessions, but a great escape could soon happen. Currently, the price consolidates a little under a major resistance trend on the daily graphic. This level has maintained for several days, creating tensions on the market while merchants are waiting for the next decisive decision.
Interestingly, analyst Ted Oilers stressed that in 2020, a huge bill on public spending helped send Bitcoin to record heights. Now in 2025, another spending bill is on the way, and it is even greater, hoping that history could repeat itself.
In a recent interview, The cryptocurrency research manager Julio Moreno shared his prospects for the Bitcoin Prize in the next two to three months. According to Moreno, Bitcoin is likely to be negotiated between $ 87,000 and $ 99,000 in the short term if current market conditions continue.
Moreno explained that this range is based on data on the chain showing the average price to which the traders have brought their bitcoin, known as the price made. In the bullish markets, prices are often corrected towards this level before going up again. The higher resistance strip, which would act as a potential summit for the moment, is at $ 138,000.
Currently, the Bitcoin request seems to weaken slightly. Unless the purchase activity resumes in the coming weeks, Moreno said that there was a higher chances of seeing a drop in $ 99,000 before any major rally. He said that to see Bitcoin climb to $ 138,000, demand should be strengthened.
Moreno also explained that the top of the Bitcoin market cycle could still reach around $ 190,000 later, although it expects the current cycle to extend in 2026. Historically, Bitcoin works well in the last trimester of the year during the Bull cycles, so a solid finish until 2025 is not out of the table.