{"id":80761,"date":"2025-07-15T00:00:42","date_gmt":"2025-07-15T00:00:42","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=80761"},"modified":"2025-07-15T00:00:42","modified_gmt":"2025-07-15T00:00:42","slug":"bitcoin-is-not-stopping-at-123000-technical-indicators-point-to-140000-top","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=80761","title":{"rendered":"Bitcoin Is Not Stopping At $123,000 \u2014 Technical Indicators Point To $140,000 Top"},"content":{"rendered":"

Bitcoin (BTC) has reignited market excitement after smashing through the $123,000 level<\/a>. Currently, technical indicators, surging liquidity, and macroeconomic tailwinds have analysts predicting that the leading cryptocurrency is on the verge of a parabolic surge<\/a> to a $140,000 top in the next few weeks.\u00a0<\/p>\n

$140,000 Set As Bitcoin Next Top Target<\/h2>\n

The Bitcoin price is exhibiting remarkable strength as it continues its parabolic advance beyond the $123,000 range. Technical indicators identified<\/a> by crypto analyst Mr. Wall Street are now aligning around a new short-term target between $135,000 and $140,000.\u00a0<\/p>\n

According to the market expert\u2019s chart report, BTC has successfully broken out of a Broadening Wedge pattern<\/a> after consolidating between a descending support and horizontal resistance for nearly two months. The decisive breakout above the $112,000 resistance<\/a> validates the analyst\u2019s earlier bullish projections.\u00a0<\/p>\n

Initially, the analyst proposed two possible scenarios: A breakout above all-time highs around $112,000 leading directly to a $117,000-$120,000 rally or a brief dip to $92,000 to fill the CME gap<\/a> before continuing up toward the same target zone.\u00a0\u00a0<\/p>\n

Based on its recent price movement, Bitcoin has chosen to follow the first scenario, underscoring the strength of its bullish momentum and signaling that short-term Fear, Uncertainty, and Doubt (FUD)<\/a> has had little to no effect. With the second scenario officially invalidated, BTC\u2019s price trajectory<\/a> is seemingly clearer and higher.\u00a0<\/p>\n

The recent surge above $123,000 has also spotlighted the next major liquidity pool between $135,000 and $140,000. The chart highlights that reaching this zone would liquidate over $45 billion in short positions. Following this, the next target zone sits between $160,000 and $170,000, threatening another $70 billion in short liquidations.\u00a0<\/p>\n

M2 Surge And MACD Fuel BTC\u2019s Bullish Case<\/h2>\n

Mr. Wall Street\u2019s bullish setup for Bitcoin is further supported by macroeconomic and key chart indicators. The analyst pointed to US President Donald Trump<\/a>\u2019s recent approval of a bill to raise the country\u2019s debt ceiling\u2014a move that signals accelerating debt growth. This, in turn, is expected to expand M2 money supply<\/a>, which historically correlates with rising prices for assets like Bitcoin.<\/p>\n

BTC\u2019s Moving Average Convergence Divergence (MACD)<\/a> also remains fully intact across all time frames, while the Market Value to Realized Value (MVRV) ratio<\/a> is still well below historic top levels. In addition, the Relative Strength Index (RSI)<\/a> has yet to enter overbought territory. These indicators confirm that Bitcoin is still far from a macro top, making the $135,000 \u2013 $140,000 range a plausible interim target.\u00a0<\/p>\n

Looking ahead, Mr. Wall Street emphasizes that Bitcoin has entered a supercycle<\/a>, a phase where the market is marked by price discovery<\/a>. While he acknowledges the possibility of a short-term retest of the $112,000 level before continuing upward, the analyst maintains that, regardless of minor pullbacks, the price action from here is likely to be swift and aggressive. <\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) has reignited market excitement after smashing through the $123,000 level. Currently, technical indicators, surging liquidity, and macroeconomic tailwinds have analysts predicting that the leading cryptocurrency is on the verge of a parabolic surge to a $140,000 top in the next few weeks.\u00a0 $140,000 Set As Bitcoin Next Top Target The Bitcoin price is […]<\/p>\n","protected":false},"author":0,"featured_media":80762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-80761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/80761"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=80761"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/80761\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/80762"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=80761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=80761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=80761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}