Bitcoin could reach $130,000 in 90 days – analyst claims
By ForGeeks Despite a temporary slowdown in growth, bitcoin remains within a sustained bullish trend. According to researcher Axel Adler Jr, the current phase is not a signal of a market reversal, but a healthy consolidation preceding new highs. He predicts that BTC could reach $130,000 within the next 90 days if market momentum continues.
Last week, bitcoin posted its best weekly close in two months, adding 4.24%$88,804. The key technical achievement was the consolidation above the 200-day exponential moving average (EMA) on the daily chart, which brought the bullishness back to the market.
Consolidation, not correction
According to Adler, analysis of onchain metrics, particularly the Investor Price and CVDD (Cumulative Value Days Destroyed) models, confirms that the market is in a growth phase, not overheating. CVDD tracks the activity of long-term holders: the current bull cycle (2024-2025) has produced only one sell signal – in March 2024, compared to two in 2021.
Adler believes that meaningful profit taking can only begin once it reaches the $123,000-$130,000 zones, where the potential peaks of the current cycle are located.
“Given the current market structure, a scenario of reaching $130,000 as early as the next three months is likely,” the analyst said in a post on Substack.
Open interest and volatility
According to data from platform Velo, over the past 24 hours Open Interest (OI) in bitcoin has increased by $1.5 billion, indicating increased activity in the derivatives market. At the same time funding rate remained neutral, indicating a relative balance between long and short positions.
Crypto analyst IT Tech PL noted that the surge in open interest followed a break above $87,500 levels, but warned:
“High OI + sharp rise in price = risk of cascading liquidations.”
From a technical perspective, BTC set a new high at $88,750, testing the upper boundary of the Bollinger Bands and approaching the descending resistance line. In the short term, a pullback to the demand zone around $86,000-$87,000 is possible before bitcoin tries to break through the $90,000 mark.
