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Bitcoin Entering Price Discovery? Golden Ratio Multiplier Suggests $130,000 Ahead

  • Bitcoin has surged by 17.4% in the past month, reaching an all-time high of $111,980 on May 22.
  • Crypto analysts predict Bitcoin targeting $130,000 soon, supported by indicators like the Golden Ratio Multiplier and Fibonacci Extension pattern.
  • Despite negative funding rates indicating short-term pullback expectations, bullish sentiment continues, with projections of Bitcoin hitting $130,000 by July 2025.
  • However, caution is advised as some analysts warn of potential bearish signals like the 'Structure Shift', highlighting the importance of establishing new highs to maintain upward momentum.

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