- Bitcoin surged past $117K, now testing $125K resistance where bulls and bears are battling for control.
- Alpha Crypto Signal warns weekend volatility could cause false spikes, requiring traders to wait for daily closes.
- Futures volume and open interest remain high, reflecting strong speculative activity around Bitcoin’s next major move.
Bitcoin is testing the $125,000 resistance amid a breakout of above $117,000 and traders are keen on the ability to push higher or get pushed in the next few sessions.
Resistance Zone Shapes Market Outlook
Bitcoin has advanced beyond the $117,000 level, where a rejection was initially expected, and is now approaching its long-standing resistance near $125,000. Alpha Crypto Signal emphasized that this level remains a critical battleground between buyers and sellers. The market’s ability to secure a close above this zone could define medium-term direction.
The analyst noted that weekend trading introduces additional uncertainty. Reduced liquidity often creates temporary spikes that fail to hold once normal market conditions return. As a result, traders are watching closely for daily candle closes above resistance before validating any sustained breakout.
Historically, this point of resistance has generated rapid reversal when bulls could not continue to move. In the event of a second rejection, the price can work back into the demand zone of $112,500-$115,000, which has actually acted as a floor to subsequent bullish attacks.
Market Data Reflects Strength and Volatility
Bitcoin is as of writing, priced at $123,185.8, showing a daily gain of 0.68% or approximately $830. The market capitalization stands at $2.46 trillion, supported by a circulating supply of 19.93 million BTC.Bitcoin has just under 1.1 million coins left to mine, and it still serves to strengthen the long-term story of Bitcoin.
The volume of trading activities in 24 hours was recorded at $67.38 billion, which is signalling high participation in the markets. Bitcoin had previously a transient surge over $124,500 and retraced, indicating profit-taking and resistance at the top. Around the price of $123,000, there now seems to be movement forming a pivotal area in support.
Intraday statistics show two different dynamics. The first spike of over $124,000 indicates heavy institutional purchases, whereas the sharp pullback indicates that the selling pressure still exists. The tightening around 123,000 could be a launchpad to another attempt of resistance or show exhaustion to 121,000 support.
Futures Activity and Trading Setups
Alpha Crypto Signal pointed out that short positions around resistance could offer favorable risk-to-reward setups if managed carefully. Traders are advised to size positions modestly and place invalidation levels just above $125,000. This approach minimizes losses if a breakout confirms while allowing exposure to a possible downside swing.
The derivatives market shows heightened engagement. The volume of futures is at $110.64 billion and the open interest is at $91.82 billion which reflects the high level of speculative interest. These levels indicate the presence of a high volume traders are at the verge of making a decisive move either a breakout or retracement.
Bitcoin continues to support good long-term growth metrics, despite its short-term fluctuations. The asset has had an increase of almost 98.5% over the last year and a 180-day performance of +55.50%. The challenge for traders now lies in determining whether current momentum can push through $125,000 or if resistance will once again halt progress.
