Analyst Predicts Bitcoin Could Reach $137,000 by September

Bitcoin is facing resistance between $86,000 and $88,000, with recent dips below the 200-day SMA amidst Trump’s tariff policies. Analysts, including Titan of Crypto, predict a potential rise to $137,000 by September, underpinned by a bullish pennant pattern and improved sentiment. However, resistance persists at certain price levels, and Bitcoin was trading at $84,368, reflecting a slight decline.

Bitcoin is currently experiencing significant resistance within the $86,000–$88,000 range while trading sideways. It has recently dipped beneath the crucial 200-day simple moving average (SMA), coinciding with turbulent global markets affected by President Trump’s recent tariff policies. This lack of momentum has prompted several analysts to speculate on Bitcoin’s potential for a breakout, with Titan of Crypto predicting a rise to $137,000 by September, potentially establishing a new all-time high.

Titan asserts that Bitcoin has established a bullish pennant pattern on its daily chart, signalling a continuation of upward price trends. He tweeted, “Bitcoin $137,000 in the Cards? BTC has formed a bull pennant on the daily chart. If it plays out, a new ATH could be reached, right against current market sentiment.” This optimistic forecast aligns with recent tariff exemption announcements, which have heightened positive sentiment across crypto communities, as noted by analytics firm Santiment.

Santiment’s researchers observed a notable rise in bullish sentiment from the crypto community, highlighting that this increase follows the announcement of tariff exemptions. They indicated it represents the highest level of positive remarks observed since Trump’s initial tariff announcements. Additionally, CryptoQuant analyst Darkforst has pointed out the stability exhibited by large Bitcoin holders during this volatile macroeconomic climate.

Darkforst analysed the behaviour of Binance whales, concluding that major investors are retaining their holdings rather than capitulating or selling off heavily. He stated that both the Exchange Whale Ratio and inflows on Binance are on a downward trend, suggesting whale preference for holding assets during this period of uncertainty.

Moreover, Bitcoin call options for $100,000 have emerged as the most sought-after position on the Deribit derivatives platform, indicating significant institutional confidence in price appreciation. Nevertheless, challenges remain on Bitcoin’s trajectory towards the $100,000 mark. CoinGlass experts have noted a “selling overhang” between $85,700 and $86,000, which indicates strong resistance at these price levels. As of the latest data, Bitcoin was trading at $84,368, indicating a 0.74% decline within the previous 24 hours.