Channel data have bitcoin advice to peak at $ 120,000 – but on this condition – TradingView News
Bitcoin prices have recorded impressive gains in recent weeks in the middle of an current price rebound. Since I was below the $ 75,000 mark in mid-April, the price of the active has jumped more than 37.5% to exchange up to $ 105,490.
While the BTC market seems to cool down, the renowned cryptography analyst Ali Martinez switched to the first cryptocurrency to reach a market summit of $ 120,000 before the current bull cycle is exhausted.
CVDD metrics refer to $ 120,000, but only if the $ 90,000 support is valid
The days of destroyed cumulative value (CVDD) are a metric on a chain which measures the total of the days of currency destroyed when the sleeping BTC moves, thus capturing the expenditure activity of long -term holders.
Basically, an increase in CVDD indicates significant profit taking by long -term holders, which is often an overheated market conditions indicator. Meanwhile, a reduction in CVDD action brands marks the accumulation phases. Based on the graph presented by Martinez, the eminent cryptocurrency analysis company extrapolates the current Bitcoin CVDD at $ 34,154 in several layers, each representing different aspects of the Haussier market.
First, there are the peaks access, that is to say the black line which extrapolates the CVDD in a higher band that the price reached the main heights, as at $ 20,000 in 2017 and $ 69,000. Currently, the access summit is around $ 120,000, which could be the next market of this Taureau race.
Another important layer of CVDD extrapolation by Cryptochant is phase 2 accumulated, the second -level support band which has repeatedly supported the price throughout 2025. It is currently positioned at $ 90,000, marking the first major support line for bulls.
With the price of current Bitcoin at $ 103,242, Ali Martinez warns that preserving price support at $ 90,000 is essential to maintain the Bitcoin bull structure and allow a potential increase to $ 120,000.
Bitcoin price preview
At the time of writing the editorial staff, Bitcoin is negotiated at $ 103,573, reflecting a slight market gain of 0.09% in the last day. Meanwhile, the daily trading volume of the assets is down 17.92%, indicating a drop in market participation.
Currently, the next level of resistance amounts to $ 105,000. However, Martinez said that major positive developments will only follow when a price over $ 107,000 will be reached. Meanwhile, bullish feelings remain high, as illustrated by another impressive performance by ETF Bitcoin Spot, which recorded a net influx of $ 1.81 billion last week.
With a market capitalization of 2.04 billions of dollars, Bitcoin remains the most precious digital asset, holding around 62.8% of the cryptography market.
