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CoinBasecamp > Blog > Price Prediction > Market Analysis > Bitcoin Could Hit $132K – BTC Breakout Analysis
Market AnalysisPrice Prediction

Bitcoin Could Hit $132K – BTC Breakout Analysis

Last updated: May 29, 2025 3:19 am
Ali Iqbal
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BTC Breakout Analysis
BTC Breakout Analysis
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This Bitcoin price prediction is based on the historical breakout pattern above the 50-day Simple Moving Average (SMA). In the past, a similar breakout led to a sharp upward move, and the current price action mirrors that setup. We are sharing BTC breakout analysis with key insights. Bitcoin recently pushing above the 50 SMA (1D) and maintaining momentum, technical analysis suggests a potential target near $132,400, reflecting a proportional gain from the previous breakout cycle.

Contents
Previous BTC Breakout Analysis (Oct 2024)Current BTC Breakout Analysis (May 2025)Bitcoin Comparative Analysis based on 50 SMA (1D)Bitcoin Price PredictionConclusion – BTC Breakout AnalysisBitcoin News:

Previous BTC Breakout Analysis (Oct 2024)

  • Breakout Level: Around $61,000
  • RSI at Breakout: Just above 72, rising rapidly
  • Peak RSI: Reached ~88–90 during the run-up
  • Result: RSI stayed elevated (above 70) for most of the rally, indicating strong bullish momentum.
  • BTC rallied nearly 77% before topping out around $108,600.

RSI breakout above 70 marked the beginning of a multi-week momentum rally with no major corrections until the very top.


Current BTC Breakout Analysis (May 2025)

  • Breakout Level: Around $94,000–$95,000
  • RSI at Breakout: Roughly 67–70, rising steadily
  • Current RSI: 77.49, similar to where the previous breakout was during early-mid rally
  • Current Price: $111,566
  • Price Action: BTC has cleared $106K resistance and is pushing higher despite slight RSI overheating

RSI has again broken into the overbought zone (>70) and continues to climb, showing strong bullish strength and continuation potential.

BTC-PRICE-CHART
BTC Breakout Analysis, Chart from tradingview

Bitcoin Comparative Analysis based on 50 SMA (1D)

MetricPrevious BreakoutCurrent Breakout
Start Price~$61,000~$94,000
RSI at Breakout~72~70
Peak RSI~88–90Currently ~77.5
Price Performance+77.2%+~18% so far
StructureClean move after breakoutClean follow-through
Volume / MomentumStrongIncreasing

What This Means for BTC Now:

  • The RSI breakout pattern is nearly identical to the last time BTC surged 77%.
  • Momentum indicators support the idea that BTC has not topped out yet.
  • If history rhymes, the current RSI trajectory suggests BTC could still rally strongly, assuming no macro shocks or selloffs.

⚠️ Caution:

  • RSI in the 77–80 range does show overbought conditions, which might invite short-term pullbacks or consolidation.
  • However, in strong bull cycles, RSI can stay above 70 for weeks (as it did last time), fueling further gains.

Bitcoin Price Prediction

Based on the repeating pattern, RSI alignment, and SMA breakout structure:

  1. Short-Term Bullish Target:
    $132,400 ($94,000 breakout level)
  2. Aggressive Bullish Case (RSI sustains above 78):
    Could overshoot toward $140,000–$150,000, especially with strong macro/inflows.
  3. Support Zone (if pullback):
    $106,000–$108,000 (prior top + SMA region)
  4. Pattern Symmetry: The structure of the current rally mirrors the previous one nearly 1:1 in both time and strength.
  5. Smart Money Confirmation: Breakout from 50-SMA with this RSI strength typically reflects institutional inflow, not retail noise.

Conclusion – BTC Breakout Analysis

If Bitcoin continues to mirror its last breakout:

Price target: $132,400

This projection is realistic and technically supported unless RSI breaks down sharply or BTC fails to hold $106K on any dip.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Price predictions are speculative and based on current market data, technical indicators, and sentiment—accuracy is not guaranteed. Always do your own research and consult with a licensed financial advisor before making any investment decisions.

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TAGGED:BitcoinBitcoin Price PredictionBitcoin Technical AnalysisCrypto Market AnalysisLatest crypto news
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ByAli Iqbal
Ali is a crypto analyst and writer specializing in news, trading charts, and market insights—delivering expert, easy-to-understand content to help investors navigate the digital asset landscape.
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