Is $130K Bitcoin Next?

It’s Simple: Here’s My Next Target for Bitcoin

I keep getting asked where I see Bitcoin heading next, and the truth is—no one knows for sure. But here’s the thing: I’ve been following this same trend-based Fibonacci chart since Bitcoin was under $50K, and it’s served me well.

I focus on a weekly outlook, keeping it simple by looking at how Bitcoin respects Fibonacci levels as both support and resistance. After this recent breakout, my next target sits at $130,198, which lines up perfectly with the 3.618 Fib extension.

Of course, nothing is guaranteed, but here’s my reasoning:

1. Global markets remain steady—no unexpected spooks.
2. Adoption continues to grow.
3. Potential for another 25 basis point U.S. rate cut on the table.

This combination of technicals and market sentiment has me keeping a close eye on that $130K zone. As always, I’ll let the chart tell me what’s next.

USDT.D: Signs of Weakness Emerging?

If you’ve been following my previous articles, you’ll know I watch USDT Dominance (USDT.D) like a hawk. Why? Because it gives me an idea of market sentiment.

• When USDT.D goes up, it usually means traders are moving into stablecoins—a sign of caution.
• When USDT.D goes down, funds tend to flow back into crypto markets, driving positive momentum.

Right now, USDT.D is sitting at a key daily support level after breaking a massive uptrend that’s been in place since November 2017.

Here’s how I see it: it’s like someone mining for gold with a pickaxe. You can only hit that rock so many times before it finally cracks open. If this support level gives way, I’m looking at the 113 Fib level—which would mean about a 10% move to the downside.

If that happens, in my opinion, we’d see a positive reaction in the overall crypto market. But as always, test this for yourself and make your own judgment.

Altcoins, Altcoins… Where Are You?!

Over the last week, we’ve seen some significant volatility across the altcoin market—which, to be honest, wasn’t surprising. If you remember, I shared the OTHERS chart last week showing altcoins hitting their All-Time High Resistance zone.

Here’s what I’m looking at now:
Instead of focusing on USD pairs, I’m shifting my attention to ALTBTC pairs. This helps me get a clearer picture of how altcoins are performing relative to Bitcoin.

Let’s use SOL/BTC as an example:

• The chart below shows SOLBTC approaching a key daily support zone (highlighted in green).
• Looking to the left, SOL has historically pushed higher from this level. While nothing in trading is guaranteed, it’s an area I’m watching closely based on past performance.

Why check ALTBTC charts? When altcoins lose value against Bitcoin, it can be tricky to figure out when they might turn around. By reviewing their BTC pairs, I can identify areas of interest where a shift might occur.

The relationship is simple: when an altcoin starts to gain value against Bitcoin on the ALTBTC chart, its USD price often reflects that movement later on. So, next time Bitcoin is making big moves and altcoins appear to be lagging, it might be worth pulling up the BTC pairs to see how they’re behaving.

Best of luck out there, and may the crypto gods bless your trades!

Join Empire Crypto Trading – Australia’s Ultimate Crypto Social Media and Education Platform!

Connect with passionate crypto enthusiasts and traders, access live calls, educational resources, chat groups, and ALPHA research—all in one powerful platform. See you in the Empire! community!

Written by Matthew Stella. At the time of writing this article, Bitcoin was trading at $107,035.

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial advice. The author takes no responsibility for any financial losses incurred as a result of trading or investing based on the information provided. Always conduct your own research and consult with a professional financial advisor before making any investment decisions.