Bitcoin bulls drive BTC price uptrend as rebound to $118K fuels rally hopes

Bitcoin (BTC) surged past $118,000 this weekend, marking a sharp recovery from Friday’s dip below $115,000 and reinforcing the BTC price uptrend.

Traders now eye a potential breakout toward new all-time highs, with institutional demand and bullish technicals signaling sustained momentum.

Data from TradingView showed BTC/USD gaining over 2% daily on Bitstamp, climbing to $118,300.

The rebound follows a volatile week where Bitcoin swept underleveraged positions—a classic liquidity grab that analysts say strengthened the BTC price uptrend.

Institutions “buy the dip” as bulls reclaim control

The weekend rally confirmed market optimism, with traders highlighting key support levels and liquidity clusters.

“Bitcoin closed above bullish key levels and filled the CME gap at $115K,” noted crypto analyst Ash Crypto in an X post. “Institutions bought the dip. Bulls are in control.”

Liquidity heatmaps from CoinGlass reveal the next critical zone at $120,500, a level that could trigger a short squeeze if breached. “The $120K zone isn’t just glowing, it’s calling. And BTC never ignores the call,” remarked trader Merlijn The Trader.

Tom Lee’s $250K forecast: “BTC is undervalued as digital gold”

Fundstrat’s head of research, Tom Lee, reiterated his bullish stance, predicting Bitcoin could hit $250,000 by late 2025. “The $200,000–$250,000 range still makes sense,” Lee told CNBC, citing Bitcoin’s potential to capture 25% of gold’s market cap. “Digital gold means BTC should be worth over $1 million long-term.”

Other analysts echo the optimism. Bitwise researchers André Dragosch and Ayush Tripathi project a $200,000–$230,000 BTC price uptrend by year-end, driven by U.S. fiscal policies and ETF inflows.

Technical breakout fuels $200K peak predictions

Crypto analyst Stockmoney Lizards pointed to a bullish chart pattern supporting a $200,000 target. The BTC price uptrend aligns with historical post-halving cycles, where supply shocks traditionally propel rallies.

What’s next:

• Short-term: Watch for a liquidity test at $120K, which could trigger volatility.

• Long-term: Macro tailwinds (ETF demand, halving scarcity) may sustain the BTC price uptrend into 2025.

Key points:

• The BTC price uptrend remains intact after a 3.5% weekly rebound.

• Liquidity grabs below $115K eliminated overleveraged positions, paving the way for institutional accumulation.

• A break above $120K may accelerate momentum toward $124K.