{"id":4942,"date":"2025-05-28T05:00:43","date_gmt":"2025-05-28T05:00:43","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-bounces-off-re-accumulation-zone-why-120000-could-be-next\/"},"modified":"2025-05-28T05:00:43","modified_gmt":"2025-05-28T05:00:43","slug":"bitcoin-price-bounces-off-re-accumulation-zone-why-120000-could-be-next","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-bounces-off-re-accumulation-zone-why-120000-could-be-next\/","title":{"rendered":"Bitcoin Price Bounces Off Re-Accumulation Zone: Why $120,000 Could Be Next"},"content":{"rendered":"

A new Bitcoin price analysis confirms that the flagship cryptocurrency is still in a bullish trend after its recent bounce off a key re-accumulation zone. With key structural support levels intact and a bullish AB=CD pattern unfolding, analysts are now eyeing a potential surge above $120,000, marking a new all-time high<\/a>.\u00a0<\/p>\n

Bitcoin Price Targets $122,000 After AB=CD Completion<\/h2>\n

According to a technical analysis report<\/a> by TradingView crypto analyst Weslad, Bitcoin is accurately following a well-defined bullish trajectory<\/a>, potentially paving the way for a surge to $122,000. With BTC now priced at $109,747 at the time of writing, reaching this ATH target would represent an 11.17% increase from current levels.<\/p>\n

This optimistic forecast comes on the heels of an accurate key re-accumulation zone between $104,000 and $107,000 \u2014 a move the analyst described as a healthy correction rather than a reversal.<\/p>\n

Weslad has disclosed that the present re-accumulation zone is a price range where buyers are believed to be stepping in again. As long as Bitcoin stays within or above this zone, the analyst asserts that its market will remain bullish.\u00a0<\/p>\n

\"Bitcoin\"<\/p>\n

Currently, Bitcoin is trading well-above the crucial Ascending Channel, supported by higher timeframe demand zones.\u00a0<\/p>\n

According to Weslad\u2019s analysis, if Bitcoin can firmly hold its price within the $104,000 – $107,000 range, the cryptocurrency could see a significant increase to the 2.618 Fibonacci Extension level near $122,000. Adding to this bullish case, a breakout above the $112,000 resistance is also needed to confirm the next leg of this move, marking a potentially stronger and larger upside momentum<\/a>.<\/p>\n

BTC Set For Major Pullback Before Breakout<\/h2>\n

As the Bitcoin price approaches the local resistance around $111,000, Weslad warns that the market may face a temporary hurdle before the continuation of the projected uptrend. The TradingView analyst notes that if price action is rejected at this resistance level, traders should anticipate a potential re-test of the $107,000 – $108,000 region.\u00a0<\/p>\n

This area has served as a reliable barrier during the recent consolidation phase and is expected to hold firm in the event of a minor correction. Most recently, Weslad affirmed that this anticipated corrective move has already concluded, signaling that the market is now poised for the \u201creal growth phase.\u201d<\/p>\n

With the base demand zone around $86,000 – $91,000 and strong support around $96,000 – $99,000, Bitcoin\u2019s overall structure remains bullish<\/a> unless a decisive breakdown below $100,000 occurs. Until then, all eyes remain on the $112,000 breakout level, which could trigger a potential surge toward the projected $122,000 target.<\/p>\n

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

A new Bitcoin price analysis confirms that the flagship cryptocurrency is still in a bullish trend after its recent bounce off a key re-accumulation zone. With key structural support levels intact and a bullish AB=CD pattern unfolding, analysts are now eyeing a potential surge above $120,000, marking a new all-time high.\u00a0 Bitcoin Price Targets $122,000…<\/p>\n","protected":false},"author":1,"featured_media":4943,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[2522,1749,22,28,29,32,33,34,35,36,1270,1666],"class_list":["post-4942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-abcd-pattern","tag-ascending-channel","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-consolidation-phase","tag-weslad"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/4942","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=4942"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/4942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/4943"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=4942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=4942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=4942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}