A new wave of bullish predictions has hit the Bitcoin market, with analysts citing strong technical signals that could drive the price toward record highs. According to a May 28 post from the popular trading account Stockmoney Lizards on X, Bitcoin has just completed a key breakout on the monthly chart, signalling the start of a potentially explosive rally.
The technical model behind this outlook is the Optimised Trend Tracker (OTT), a tool that blends moving averages with average true range metrics to assess long-term price momentum. According to Stockmoney Lizards, the OTT has accurately predicted major Bitcoin uptrends in past cycles, notably in 2016 and 2020.
“Bitcoin just broke out of the OTT range,” the analysts wrote. “This indicator shows when an asset is gearing up for its next big move — and that moment is now.”
The broader market seems to echo this optimistic sentiment. Blockchain analytics platform Glassnode recently highlighted $120,000 as a key resistance zone during Bitcoin’s ongoing price discovery phase. Their Week Onchain newsletter suggested that while buyers may drive BTC up to that point, some profit-taking pressure could emerge near that level.
Meanwhile, Stockmoney Lizards expects even loftier targets. Their 2025 projection sees Bitcoin reaching as high as $200,000, with a potential stretch goal of $250,000 by 2026, assuming momentum continues.
“Historically, once Bitcoin retests the OTT range and holds it as support, a parabolic rally follows,” the account added, noting two successful retests during the current cycle.
Despite a sluggish response to broader macroeconomic signals and headline speakers at the ongoing Bitcoin 2025 conference, sentiment in the crypto market remains strongly bullish. Near-term price estimates hover around $130,000, driven by optimism over reduced supply, institutional interest, and technical validation from trend models.
That said, some market participants recall the cautionary tale of last year’s Bitcoin conference, which was followed by a steep 30% correction, raising the question of whether historical patterns might repeat.
Still, analysts like Kharitonov maintain that the likelihood of a major downturn in the near term is minimal, given current market conditions and accumulation trends.
