Bitcoin is now one of the most important market leaders at the moment, with its price aiming for new price targets. Bitcoin price is currently sitting at $124K at press time, with the US government shutdown powering the development further. However, one of the most interesting things happening to Bitcoin at the moment is its attempt to break past a decade-long barrier, post which it can significantly amp up, racing against time to score major price spots. What is this development all about? Let’s find out.
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Bitcoin’s 8-Year-Long Barrier and Result If It’s Broken Soon
According to Rashad Hajiyev, a leading financial expert, Bitcoin has long been battling a deep barrier line on its price chart. This barrier has long been hounding the token, with the Bitcoin price unable to break past this line. Hajiyev later shared how the current market sentiment is now favoring Bitcoin, with the token standing on a precipice, facing this barrier line again on its chart. Once BTC can cross past it, it can unlock pathways to score major highs.
His latest point pinpoints the current Bitcoin price position, adding how this is Bitcoin’s third attempt to break past this barrier line. If broken, BTC may soon be able to explore price highs beyond the $126K mark.
“I do not usually post about Bitcoin, but it is presently trading at 8-year resistance. Today it has made a 3rd attempt over the past 3 months to break the upper band of the rising broadening wedge formation but failed. Given that the number of attempts recently is getting congested, there is a higher likelihood that Bitcoin overcomes 8-year resistance anytime…”
At the same time, Bitcoin accumulation is growing at a rapid pace with whales and investors, all wanting to have a slice of the asset stored in their wallets. Per Ali Martinez, Bitcoin’s accumulation trend is sitting at 0.74, suggesting that larger entities, the ones that are a big part of the network, are currently accumulating Bitcoin at a rapid pace.
“Bitcoin $BTC accumulation trend score reached 0.74, suggesting that, on aggregate, larger entities (or a big part of the network) are accumulating.”
Technical Analysis: The Token’s True Journeys
According to CoinCodex BTC data, the Bitcoin price may jump to sit at $138K by the end of December 2025. This prediction mirrors the rapid spike predicted by experts above. However, if the market momentum continues to support, we may witness BTC exploring $130K above by the end of 2025.
“According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 11.67% and reach $138,684 by January 4, 2026. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 70 (greed). Bitcoin recorded 19/30 (63%) green days with 3.34% price volatility over the last 30 days. Based on the Bitcoin forecast, it’s now a good time to buy Bitcoin.”
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