Bitcoin’s Wild Ride: Will It Hit $120,000? 🚀💰

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Well, well, well! It seems Bitcoin has decided to take a little joyride, soaring to a dazzling new all-time high (ATH) of $111,800 on May 22. And who do we have to thank for this delightful news? None other than crypto analyst Tony Severino, who boldly predicts that our beloved BTC could very well reach the lofty heights of $120,000. Yes, you heard that right! 🎉

Bitcoin Price To Reach $120,000 Following This Range Breakout

In a recent post on X (because who needs Twitter anymore?), Severino suggested that Bitcoin might just break free from its $106,000 cage and leap into the $116,000 to $120,000 range. This prediction came hot on the heels of BTC’s impressive surge past its previous ATH of $109,100 on May 21. Apparently, we might witness a “long, white candlestick” leading the charge. Sounds like a fancy candle, doesn’t it? 🕯️

But hold your horses! Severino also cautioned that if Bitcoin fails to break above the $106,000 mark, we could be in for a bit of a bumpy ride. Lower timeframe momentum might just decide to take a nap, and we all know how cranky Bitcoin can get when it doesn’t get its way. In another post, he elaborated on why this breakout is significant, claiming that such breakouts often lead to a sustainable short-term trend. And let’s be honest, who doesn’t love a good trend? 📈

Currently, Bitcoin is strutting around with an ultra-bullish outlook, having galloped past the $110,000 mark and reached that shiny new ATH of $111,800. Severino, in a moment of humility, admitted he was wrong about the bear thesis. Apparently, macro fundamentals decided to throw a party and outshine the technicals. Who knew? 🎊

Bitcoin Chart

Severino is feeling pretty confident that Bitcoin can go even higher. In his latest analysis, he revealed that BTC’s quarterly just triggered a perfected TD9 Sell Setup. The last time this happened was in Q4 2017, which was, let’s face it, the most bullish quarter in crypto history. Bitcoin skyrocketed by over 350% above the candlestick open. Talk about a wild ride! 🎢

If history decides to play nice and repeat itself, Severino predicts that the next move will be “fast, violent, and over” before you can even say “HODL.” Up seems to be the only direction on the menu, which is a good sign for Bitcoin’s price. 🍽️

A Golden Cross Is Incoming For BTC

In another corner of the crypto universe, analyst Titan of Crypto has announced that a golden cross is on the horizon for Bitcoin. He noted that BTC is following a familiar pattern, with a Death Cross preceding the Golden Cross. The last time this happened, it triggered a major rally. So, fingers crossed! 🤞

In yet another post, Titan of Crypto predicted that Bitcoin could rally as high as $135,000. He’s still holding onto that target, with BTC likely to reach this price level this year. Meanwhile, veteran analyst Peter Brandt has thrown his hat in the ring, suggesting Bitcoin could soar to between $125,000 and $150,000 by August. Who needs a crystal ball when you have analysts? 🔮

As of now, Bitcoin is trading around $111,300, up over 3% in the last 24 hours, according to CoinMarketCap. So, buckle up, folks! It’s going to be a bumpy ride! 🚀

Bitcoin Trading Snapshot

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2025-05-22 17:12