The price of Bitcoin (BTC) rose 8.5% in 2025, and the entire cryptocurrency market showed strength ahead of President-elect Donald Trump’s inauguration on January 20th.
Bitcoin 1 month chart. Source: Cointelegraph/TradingView
With BTC breaching $100,000 again, several analysts have set new all-time high targets for the largest cryptocurrency asset over the coming days.
Could Bitcoin Reach $138,000 in February?
Bitcoin closed a daily candle above $100,000 for the first time on December 8, but has only topped six figures for six days since. A daily close above $100,000 would be a significant turning point, and cryptocurrency trader Posty said BTC’s current price action reflects a bullish rally in the first quarter of 2021.
Bitcoin analysis by Posty. Source: X.com
After taking into account the law of diminishing returns over four years, the trader believed that if BTC continued to follow its previous cycle pattern, Bitcoin would be valued at around $138,000 in February.
Meanwhile, Bitcoin proponent Cryptochimpanz believed that BTC’s monthly charts were showing a “nasty” setup from previous bull markets. said the merchant.
“If we follow a similar path, the price of Bitcoin could rise to $200,000.”
Bitcoin Supply to Revenue Ratio by Axel Adler Jr. Source: X.com
Additionally, Axel Adler Jr. emphasized that 90% of the total Bitcoin supply is currently profitable. Bitcoin researchers explained that barring a “black swan” in the current cycle, BTC declines could be minimal and mimic the 2017 bull market rather than 2021, when China’s ban on BTC mining temporarily halted the rally.
Related: Why Is Bitcoin Price Up Today?
Bitcoin’s Coinbase Premium Reaches Break-Even Point
After a rigorous selling period between December 18 and January 2, Bitcoin’s Coinbase premium returned to a neutral index, as recorded on January 4. Anonymous Bitcoin analyst IT Tech recently explained it in a quick post on CryptoQuant: The fact that the premium rises again to the break-even point means that “the sentiment of the United States and institutional investors has returned.”
Bitcoin Coinbase Premium Index. Source: CryptoQuant
However, it is important to remember that the Coinbase premium primarily tracks U.S. retail investor sentiment rather than institutional sentiment.
Rather, Cointelegraph previously reported that trading volume for overall Bitcoin retail investors has decreased significantly since BTC reached $108,000 last month.
The 30-day change in retail volume below $10,000 has fallen to a low last seen in September 2024. On-chain analyst Darkfost said the change fell below -10%, indicating a drop in retail interest. But it opens up an ideal long-term buying opportunity.
From a technical perspective, Bitcoin suffered a bullish structural breakdown (BOS) last week after closing the daily candle above $97,000.
Bitcoin 12-hour chart analysis by Crypto Scientist. Source: X.com
While the current breakthrough of $100,000 is a positive sign, market trader Crypto Scient emphasized that $100,000 remains a major inflection point for Bitcoin. said the merchant.
“$BTC, unless we break $99,000 and turn that into support, I think the price will move lower in January. A very simple trigger here: break $99,000 and flip or retest or $90-88,000 area. Set.”
Related: Will we be back to $76,000 in 2025? 5 things to know about Bitcoin this week
This article is written for general information purposes and should not be considered legal or investment advice. The views, thoughts and opinions expressed herein are those of the author alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.