- Bitcoin targets $130K as Golden Ratio Multiplier aligns with bullish channel and golden cross.
- $7B in short positions near $115K could trigger a squeeze and accelerate BTC’s upward move.
- Easier financial conditions and rising global liquidity support Bitcoin’s continued price rally.
Bitcoin (BTC) is showing continued strength as it approaches key technical levels. Trading near $108,888, the cryptocurrency aligns with patterns that suggest its next major move could target $130,000. Market indicators and macroeconomic factors provide a backdrop for this potential surge.
Bullish Momentum and Technical Signals
Bitcoin has recorded seven consecutive bullish weekly candles, a rare event that often leads to consolidation before continuation. After briefly touching $110,700, BTC’s price pulled back slightly but remained supported by positive market conditions. Titan of Crypto noted this historic pattern and asked if Bitcoin would continue its rally or enter a consolidation phase.
Ecoinometrics highlighted the National Financial Conditions Index (NFCI), which tracks financial system stress, has shifted rapidly toward easier conditions since February 2025. This shift creates a favorable environment for risk assets like Bitcoin.
According to the newsletter, “Bitcoin’s rally to new highs didn’t come out of nowhere. It’s tracking the same pattern we saw since 2023: easing conditions capital rotation risk-on.” CoinGlass data shows significant sell-side liquidity near $115,000. A breach of this level could trigger a short squeeze, liquidating over $7 billion in short positions and pushing prices higher.
Golden Ratio Multiplier and Price Targets
Analysis prepared by TradingShot points to a golden cross and a channel up pattern guiding Bitcoin’s price. This setup suggests the “blue line” of the Golden Ratio Multiplier is the next target, around $130,000.
TradingShot notes this could represent a 51% gain from current levels. Onchain data from CryptoQuant shows Bitcoin nearing an “overheated zone” with supply in profit metrics and advanced UTXO ratios reaching historical highs.
These indicators suggest possible volatility but do not negate the bullish trend. Coinvo stated, “One of the easiest ways to predict future $BTC direction is to look at the global liquidity. It’s currently going absolutely parabolic!”
