Bitcoin Market Update: A New Monthly High and Future Predictions

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Bitcoin Market Update: A New Monthly High and Future Predictions

Bitcoin has recently surged, reaching a new monthly trading high after testing the 104,000 level on Tuesday. In trading terminology, the formation of higher lows and higher highs signals a bullish sentiment for Bitcoin in the short term.

At Biyond, we are closely monitoring the bond market. Historically, Bitcoin has tended to decline when bond yields in the U.S. and other major economies rise. However, we are now witnessing a shift, where rising Japanese bond yields may actually be favorable for Bitcoin, potentially acting as a catalyst for its price movement. The correlation between these markets is noteworthy.

Gold hitting record highs

The price of gold keeps heating up. If the record-breaking year of 2024 wasn't enough, gold hit a major historic 2025 milestone by crossing the $3,000/ounce threshold!

Here are 3 Key Reasons:

1. Looming economic & political uncertainty

2. Increasing central bank demand

3. Rising National Debt - over $36 Trillion

So, could gold surge even higher?

According to a recent statement from Jeffrey Gundlach, famed American business man and investor… “Gold continues its bull market that we’ve been talking about for a couple of years, ever since it was down to $1,800.” He expects gold to reach $4,000/oz.

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Predicting macroeconomic events can be challenging, but it's important to observe recent trends, especially since Japanese investors hold approximately $1.13 trillion in U.S. treasuries.

Our indicators at Biyond remain bullish, with Atlas gradually declining (down another point) and Vanguard showing green across the board. Notably, our Long vs. Short Ratio indicates that retail investors on Global Binance are increasingly taking short positions on Bitcoin.

Ethereum Analysis: Cautionary Signs

Ethereum also deserves attention, albeit for more cautionary reasons. There has been a significant spike in Google searches from new investors looking to purchase "Etherium," a misspelling that suggests a lack of sophistication among these potential buyers, which could indicate a risky market scenario.

Cryptoquant has issued warnings that Ethereum may be overheated in the short term and could face profit-taking. Despite these concerns, I anticipate Ethereum could reach 3,600 in the short term, particularly if Bitcoin continues its upward trajectory.

The extended 3rd Wave Elliot theory remains my primary outlook for Bitcoin. I have been projecting a completion around the 139,000 mark, which would ideally set the stage for a 4th Wave correction down to the 121,000 to 113,000 range.

It seems unlikely that Bitcoin will dip to 110,000, followed by a drop to 100,000 before a final Wave Five. Currently, Bitcoin appears to be resilient, with buyers stepping in at every dip. Therefore, I believe 121,000 is a more realistic next target.

Short-Term Outlook: Pending Buy Signal

I am 90% confident I will issue a new short-term buy signal today. Keep an eye out for email and Discord alerts. The buy signal is likely to be close to 106,000, with a target of 121,000 and a stop around this week's low.

• Short-Term: Buy

• Stop Loss: 102000 USD

• Target: 121,000 USD

Medium-Term Outlook: Long Position

Everything is progressing as planned. I may adjust the target to 139,000, but I need to observe the market reaction at 121,000.

• Long Position: 82,000 USD

• Stop Loss: 82,000 USD

• Target: 150,000 USD

Long-Term Outlook: Bullish Potential

If the market cycle unfolds as expected, Bitcoin could reach 230,000. I will modify this target if market conditions change. I believe Bitcoin should not fall below 72,000; otherwise, a crash may be imminent. The stop loss is set wider to accommodate any final stop hunts.

• Long Position: 79,000 USD

• Stop Loss: 65,000 USD

• Target: 180,000 USD