Bitcoin price can reach $ 159,000 this course – the encryption analyst reveals how

Bitcoin’s price struggled to keep its momentum in 2024 in the first quarter of 2025, and collapsed under the total economic uncertainty in the United States. While the encryption market seemed ready to continue its problems in early April, the prices are looking to restore its highest levels in the session – thanks to the improvement of the market climate.

According to recent price work data, Bitcoin increased By more than 25 % so far in this quarter, most of the large assets exceed the same period. Interestingly, it seems that the first cryptocurrency has a greater space for further bullish growth, with its current high price at all as the following direct goal.

Three important levels to see this second quarter

In the May 17 publication on the X platform, the BURAK Kesmeci Series evaluation Bitcoin price capabilities in the remaining weeks of this second quarter. In his latest analysis, Crypto Pundit revealed three levels that may be necessary for the BTC price track.

The relevant indicator here is the golden double rate, which is primarily useful in tracking the behavior of the periodic price and determining important price levels. The technical analysis tool applies these complications based on Fibonacci to the moving average for 350 days (350DMA) to determine the potential prices and horizons.

Kesmeci set 127,000 dollars and $ 159,000 as resistant areas to see in this bull gathering. Specifically, the level of $ 127,000 is in line with a double of 1.6X from the move for 350 days The average, which served A Mid -cycle Top in the previous bull race.

Source: @burak_kesmeci on X

The level of 159,000 dollars, on the other hand, is linked to a 2X multiple of 350DMA and referred historically to the peaks of the course In BTC Market. However, the price of Bitcoin will need to be successfully violated if there is an opportunity to gather about $ 159,000.

Moreover, Kesmeci has set the most important support level to monitor Bitcoin price in the remaining days of the second quarter of the year. Based on the percentage of the golden double, this pillow is located at $ 80,000 around the moving average for 350 days, as long -term accumulation usually occurs. It can fall under this support The bullish theory is invalidated Currently detained at BTC price.

In the end, Kesmeci pointed out that the golden double dependent on moving averages, and as a result, the distinctive levels are subject to changes as bitcoin moves in the coming days.

Bitcoin price at a glance

From writing these lines, the BTC value is about $ 103,275, with no large price movement within the past 24 hours.

The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

Distinctive image from Istock, tradingvief chart