- Bitcoin has rebounded from the 350DMA × 1.6 level, confirming strong historical support and renewing bullish sentiment across key Fibonacci zones.
- Price structure shows a clear reaccumulation phase, with Bitcoin now targeting the blue band resistance at $125,000 following recent momentum.
- Whale wallets have added over 43,100 BTC in two weeks, boosting market confidence and supporting the ongoing trend above the $94,000 level.
Bitcoin has bounced from a key support level and is now positioned for a potential move toward the $125,000 resistance zone.
Bitcoin Bounces from Golden Ratio Support Band
According to a recent tweet from Titan of Crypto, Bitcoin has officially rebounded from the orange line of the Golden Ratio Multiplier. This level, calculated as the 350-day moving average multiplied by 1.6, has served as reliable support across previous market cycles.
The chart indicates that Bitcoin reacted strongly to this band in September 2024 and has now repeated that behavior in April 2025. These bounces are marked with green circles, reflecting consistent support from this Fibonacci-derived zone. This pattern aligns with historical uptrends observed after such rebounds.
At presstime, Bitcoin is priced at $94,647.13. Though the asset is down 0.29% over the past 24 hours, in seven days it has increased by 0.71%. This indicates that the market is consolidating above a base of long-term support.
Bitcoin Eyes $125,000 Following Support Bounce
The next resistance level is the blue band on the chart, which is likely the 350DMA × 2 and currently positioned near $125,000. Titan of Crypto notes that this band acted as temporary resistance during the rally to $123,000 in late 2024.
Bitcoin appears to be in a reaccumulation phase, where the price consolidates between key Fibonacci bands before moving upward. If the current structure holds, bulls may attempt a breakout above the blue band. This could open the door to further upside, with the red band near $135,000 acting as a potential ceiling.
The setup aligns with previous bullish market phases where price moved from support to resistance along Fibonacci levels.
Whale Activity Supports Ongoing Bullish Momentum
Additional on-chain data shared by Ali_charts shows that large holders, or “whales,” have accumulated over 43,100 BTC in the past two weeks. This total, valued at nearly $4 billion, reflects growing institutional interest and confidence.
Such accumulation often correlates with upward market movement, particularly when occurring around historical support levels. As long as Bitcoin remains above the orange line, the upward trend appears structurally intact.
