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.