- Bitcoin eyes a potential $135K peak by September 2025 as historical halving trends and Fibonacci targets align with bullish momentum.
- Exchange balances drop by 200K BTC in two months, signaling investor confidence and hinting at a looming Bitcoin supply squeeze.
- Breakouts at $50K and $73K with rising volume reinforce a bullish market structure as BTC sustains higher highs and Fibonacci targets.
Bitcoin’s bull market is nearing a critical point, with analysts forecasting a potential peak between September and October 2025. According to Rekt Capital, this prediction aligns with historical halving cycle trends. With just 2–3 months left until this projected climax, market activity has intensified. Bitcoin’s price currently trades above $107,000, establishing new all-time highs. Technical analysts believe this rally remains structurally sound and could extend further.
Fibonacci Levels Support Bullish Continuation
Titan of Crypto’s recent analysis outlines Bitcoin’s strong market structure on the weekly timeframe. From a low under $30,000 in early 2024, the price has steadily climbed, forming breakout zones. The first major breakout came in March 2024. Bitcoin surged past initial resistance and retested the $50,000 level, confirming bullish continuation.
Source: Titan Of Crypto
Subsequently, the second breakout occurred near $73,000 in late 2024. Momentum increased, and the price surged through upper resistance with rising trading volume. Bitcoin is now challenging the first Fibonacci extension at around $107,698. The next target sits at $135,003. Besides, each bullish phase maintained a higher high and higher low structure. This consistent trend strengthens the case for continued price discovery.
Exchange Balances Signal Supply Squeeze
Moreover, on-chain metrics support the bullish case. Data from Winston ₿ shows a six-year low in Bitcoin exchange balances. Between December 2024 and March 2025, balances hovered around 3.1 million BTC. However, starting in late April 2025, balances declined sharply. By mid-June, the total dropped to approximately 2.9 million BTC.
Source: Winston ₿
This 200,000 BTC reduction over two months reflects withdrawal activity. Investors appear to be moving assets off exchanges, indicating stronger holding sentiment. Consequently, the available supply on trading platforms continues to shrink. Such dynamics often lead to a supply squeeze, further supporting upward price movement.
Additionally, volume patterns align with historical breakout behavior. High volume accompanied every breakout. Meanwhile, consolidation periods witnessed reduced activity, confirming typical trend-based trading psychology.
