Bitcoin (BTC), currently trading at $108,460, appears ready for its next major price surge, according to the latest analysis by Stockmoney Lizards. Shared via X on May 28, the trader points to a rare bullish signal from the Optimized Trend Tracker (OTT), a macro trend indicator based on moving averages and the average true range (ATR). This is the first time since mid-2024 that the OTT has confirmed such a breakout.
#Bitcoin
— Stockmoney Lizards (@StockmoneyL) May 28, 2025
The pattern is so obvious it hurts. Yet most will still miss it.
Monthly OTT Bands (Optimized Trend Tracker) – the cleanest trend indicator you can use for macro moves.
Look at this progression:
2014-2016: Retest and breakout → Bull run to $20k
2018-2020: Retest and… pic.twitter.com/a3TNNjY2uq
“The pattern is so obvious it hurts,” Stockmoney Lizards stated, suggesting the current setup mirrors those that preceded massive bull runs in 2016 and 2020. In both instances, Bitcoin retested the OTT bands before skyrocketing to new all-time highs. The analysis notes that Bitcoin has recently completed its second retest, breaking out of the OTT bands once again—a move seen as a signal for a potential run toward $200,000 in 2025, with a possible extension to $250,000.
P.S.: The top of my box is not the target (i.e. 1M). For this year I would target 180 – 200k. Maybe extension into 2026 and hit 250k.
— Stockmoney Lizards (@StockmoneyL) May 28, 2025
Market Sentiment Builds Toward $120,000–$130,000
While the OTT tool points to a longer-term rally, short-term projections also reflect growing bullish sentiment. Analysts and traders expect Bitcoin to breach the $120,000 mark in the coming months, with some forecasts reaching $130,000 or higher. Despite ongoing macroeconomic uncertainties and headline risks from the Bitcoin 2025 conference, market participants appear largely unfazed.
Cointelegraph notes that last year’s Bitcoin conference was followed by a 30% price drop, prompting some to question whether a similar “market memory” pattern could play out again. However, current technical and on-chain metrics suggest otherwise.
Also Read: Cardano (ADA) Struggles as Bitcoin Surges
Glassnode Highlights $120K as Key Price Discovery Zone
On-chain analytics firm Glassnode reinforces the bullish narrative, identifying $120,000 as a significant level for Bitcoin’s ongoing price discovery. In its latest report, The Week Onchain, Glassnode explains that this zone is likely to trigger increased sell-side activity, marking a crucial battleground between bulls and profit-takers.
“As the market moves into a phase of price discovery, the $120k level appears as a key zone of interest,” Glassnode writes. With momentum building and long-term indicators aligning, Bitcoin’s next major move may already be underway.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
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