Bitcoin's (CRYPTO: BTC) recent surge to all-time highs is prompting caution among analysts, with fears a rejection could spark a sharp pullback.
What Happened: Crypto trader EmperorBTC noted that Bitcoin has approached range highs and previous ATHs, but momentum has slowed.
A bearish underside retest was observed, with price dipping below a key lower timeframe low without an immediate reversal, before inching back toward the demand zone.
He highlighted $115,000–$118,000 as a critical high-timeframe support zone, where a long opportunity could emerge if order flow shifts with strong volume confirmation. Conversely, a break below this zone may indicate ongoing HTF range trading or signal a HTF distribution phase.
Also Read: Bitcoin, Ethereum, XRP, Trade Sideways As Dogecoin Gains On Friday
What's Next: Crypto chart analyst Ali Martinez warned that in a worst-case scenario, Bitcoin could face rejection at $124,000, triggering a sharp decline first toward $96,000, and potentially further down to $70,000.
Crypto Chase highlighted that this weekend represents critical price action for BTC in 2025.
After three months of consolidation, it's either breakout time or risk a deeper drop.
Chase has taken a long position but cautions that Bitcoin should not retest $117,000–$115,000 or fall back to $110,000, a move below these levels could accelerate a crash.
He emphasized that $121,000 is a pivotal level for a breakout to new all-time highs, noting Bitcoin's moves are typically aggressive and rarely allow for easy entry points.
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