{"id":4910,"date":"2025-05-27T05:00:34","date_gmt":"2025-05-27T05:00:34","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-eyeing-112000-after-bullish-double-bottom-breakout-analyst-says\/"},"modified":"2025-05-27T05:00:34","modified_gmt":"2025-05-27T05:00:34","slug":"bitcoin-eyeing-112000-after-bullish-double-bottom-breakout-analyst-says","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-eyeing-112000-after-bullish-double-bottom-breakout-analyst-says\/","title":{"rendered":"Bitcoin Eyeing $112,000 After Bullish Double Bottom Breakout, Analyst Says"},"content":{"rendered":"

After a slight weekend slump that saw Bitcoin (BTC) dip to $106,600, the leading cryptocurrency has recovered most of its losses and is currently trading close to the $110,000 level. With bullish momentum building, several crypto analysts now believe that BTC may be on track to hit a new all-time high (ATH) in the coming days.<\/p>\n

Bitcoin To Surge To $112,000? Analyst Says Yes<\/h2>\n

According to a recent CryptoQuant Quicktake post by contributor ibrahimcosar, Bitcoin is forming a classic bullish pattern on the hourly chart – the double bottom. The analyst described this setup as \u201cone of the strongest reversal signals\u201d in technical analysis.<\/p>\n

Ibrahimcosar explained that this pattern signals a weakening of bearish pressure, with buyers poised to regain control of the market. The first bottom of this formation was observed on May 23 at $106,800, followed by a second low on May 25 at $106,600.<\/p>\n

\"cq1\"<\/p>\n

For the uninitiated, the double bottom is a bullish reversal chart pattern that forms after a downtrend, characterized by two distinct lows at a similar level with a moderate peak – called neckline – in between. According to the CryptoQuant contributor, the current neckline is around $109,000.<\/p>\n

At the time of writing, Bitcoin is hovering just above this neckline, confirming the breakout. Importantly, the breakout was accompanied by a surge in trading volume, which analysts interpret as a sign of robust bullish momentum.<\/p>\n

If $109,000 holds as support, then price levels beyond $112,000 could be on the horizon. The analyst explained in their Quicktake post:<\/p>\n

\n

Double bottoms are where the market says: \u2018We\u2019ve sold enough.\u2019 When buyers defend the second bottom, it sends a message: Now it\u2019s our turn. But remember, not every pattern plays out. Know your risk, make your decision.<\/p>\n<\/blockquote>\n

Fellow analyst Ali Martinez echoed this sentiment in a recent post on X, sharing the following BTC hourly chart that highlights a breakout from the recent downtrend. According to Martinez, Bitcoin is now targeting the $110,000 level and potentially higher.<\/p>\n

\"ali\"<\/p>\n

Good Days Ahead For BTC<\/h2>\n

Following a rough first quarter in 2025, Bitcoin has shown significant recovery, surging from a local bottom of $74,508 on April 6 to nearly $110,000. This recent rally has revived bullish sentiment across the market.<\/p>\n

\u200b\u200bFueling the optimism are strong inflows into spot Bitcoin exchange-traded funds (ETFs), indicating renewed institutional interest. Meanwhile, Bitcoin\u2019s open interest recently hit a fresh all-time high, reinforcing expectations of continued price momentum.<\/p>\n

However, not all indicators are aligned. Bitcoin whales – large holders of BTC – have shown mixed behavior, with some accumulating while others appear to be taking profits. At press time, BTC trades at $109,998, up 2.2% in the past 24 hours.<\/p>\n

\"bitcoin\"<\/p>\n","protected":false},"excerpt":{"rendered":"

After a slight weekend slump that saw Bitcoin (BTC) dip to $106,600, the leading cryptocurrency has recovered most of its losses and is currently trading close to the $110,000 level. With bullish momentum building, several crypto analysts now believe that BTC may be on track to hit a new all-time high (ATH) in the coming…<\/p>\n","protected":false},"author":1,"featured_media":4911,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[245],"tags":[22,740,634,28,32,36,51,254,255,1677,123],"class_list":["post-4910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-ath","tag-bitcoin-etf","tag-bitcoin-news","tag-btc","tag-btcusdt","tag-crypto","tag-cryptocurrency","tag-digital-asset","tag-double-bottom","tag-technical-analysis"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/4910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=4910"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/4910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/4911"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=4910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=4910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=4910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}