Bitcoin Eyes Major Breakout: Bullish Trend Confirmed, OTT Indicator Signals Path to $200K-$250K in 2025
Bitcoin’s bullish momentum has been reaffirmed by key technical indicators, with both the State of the Trend (SOTT) and Optimized Trend Tracker (OTT) now signaling a major uptrend on weekly and monthly charts. According to multiple analysts, including Titan of Crypto and Stockmoney Lizards, these indicators have reliably preceded large price rallies in previous cycles. After a recent surge past $95,000, Bitcoin is consolidating, but projections suggest potential highs between $120,000 and $135,000 in the short term and a possible extension to $200,000–$250,000 by 2025. On-chain analytics from Glassnode identify $120,000 as a significant resistance level, likely to attract selling pressure as exchange inflow wallets decrease, showing stronger holder conviction. Macro factors such as the global M2 money supply expansion and comparisons to historical gold rallies further support the bullish case, with long-term forecasts reaching up to $450,000. Nonetheless, traders are cautioned against overexuberance, recalling past corrections—such as a 30% drop after last year’s major conference—suggesting prudent risk management is essential. The consensus remains bullish, but vigilance and tactical positioning are recommended as Bitcoin attempts to confirm its next breakout toward new all-time highs.
Bullish
Both summaries highlight a strong bullish consensus for Bitcoin based on major technical indicators, including SOTT and OTT, which have historically signaled significant price rallies. Recent technical and on-chain signals confirm a potential for continued upward momentum, with price targets ranging from $120,000 in the near term to as high as $250,000 or even $450,000 in the long term. Macro factors such as global M2 growth support this outlook. However, the news also cautions traders about potential resistance at $120,000 and references past corrections for risk management. Overall, the combination of technical, on-chain, and macro signals, along with prevailing analyst sentiment, points to a bullish impact on Bitcoin price prospects.