Bitcoin is approaching a long-anticipated breakout with potential to reach $135K, but losing key support could lead to a sharp drop to $100K. Analysts warn that the coming days may be critical for the market’s direction.
Awaiting a Breakout: What the Chart Says
Bitcoin could be on the verge of a new high just as the much-anticipated Bitcoin 2025 Conference kicks off on May 27 in Las Vegas. Traders are eyeing a potential new peak around $135,000, but there’s also risk if a key support zone is lost.
Analyst CrypNuevo warns that if Bitcoin falls below the crucial $112K–$114K zone, it could decline to $100,000.
Support Around $106K: A Key R/S Flip
CrypNuevo notes that Bitcoin has completed a successful flip — turning a former resistance zone into support, a concept known in technical analysis as an R/S (resistance/support) reversal. This is a positive market signal and may help sustain upward momentum.
If the price holds above this level in the coming days, the market may see another rise.
$135K Possible by July According to Wise Advice
Well-known crypto analyst Wise Advice predicts that if Bitcoin’s price continues to follow the movement of the money supply (M2), its value could increase by around 24%, reaching $135,000 by July 2025.
Liquidation Zone Points to $115K
CrypNuevo draws attention to a liquidation zone between $112K and $114K, which he says acts as a magnet for price movement. This zone is above Bitcoin’s recent highs, and breaking through it could trigger a surge to $115,000 — potentially a new all-time high.
Liquidation zones usually act like magnets. If we cross $114K, we could quickly reach $115K or even higher. — CrypNuevo
Short-Term Pressure Around $106K
The short-term outlook, however, shows pressure around $105,700. Analysis suggests a possible pullback and retest of the support near $106K. If this level holds, it could open up a new entry point for traders.
If the support fails, the market may fall to the psychological level of $100,000. CrypNuevo notes that such a drop could shake out weaker investors but also attract long-term buyers.
Current Market Conditions
At the time of writing, Bitcoin is trading around $109,700 — a slight increase over the past 24 hours. BTC’s total market capitalization has reached $2.18 trillion, highlighting the asset’s ongoing dominance and investor interest.
Conclusion:
Bitcoin is facing a critical moment — a breakout above the liquidation zones could push the price to new highs, while a breakdown of the $106K support might send it tumbling to $100K. Investors are closely watching the next moves, especially in the context of the upcoming Bitcoin Conference 2025.
Frequently Asked Questions
Find answers to the most common questions below.
It represents a flipped resistance-turned-support zone (R/S flip). Holding this level could trigger a bullish continuation, while losing it might send BTC toward $100K.
Analysts suggest that if BTC follows the M2 money supply growth and breaks past key resistance levels, it could reach $135K by July 2025.
Major events like the Bitcoin Conference often coincide with increased media attention, investor sentiment, and sometimes price volatility, acting as catalysts for short-term trends.
This article is for general informational purposes only and is not intended to be, and should not be construed as, legal or investment advice. Crypto-assets are highly volatile, so only invest funds that you are willing to lose and use your own research and risk management.
