Bitcoin Price May Reach $121,000 by May, Analyst Says
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After falling below the crucial $100,000 threshold in November 2025, Bitcoin’s price has remained stagnant, struggling to regain this significant psychological barrier. Despite this, investor optimism has not faded entirely, as some analysts are forecasting a potential surge that could push Bitcoin past $100,000 once more. The debate primarily revolves around the timing of such a breakthrough.
Crypto analyst Master Ananda expressed that Bitcoin appears poised for a significant upward movement, suggesting that it might eventually eclipse the $100,000 mark again. The analyst emphasizes the importance of looking at broader trends rather than focusing on short-term fluctuations.
This week, Bitcoin’s price showed positive momentum after experiencing a series of declines, a development that has rekindled bullish sentiments in the market. Many interpret this shift as a possible indicator that the bearish phase might be drawing to a close.
According to Ananda’s analysis, Bitcoin is demonstrating consistent upward progress, indicating a shift toward bullish sentiment. The cryptocurrency made two unsuccessful attempts to breach resistance levels in March, with the $74,500 mark proving to be particularly challenging.
However, the analyst remains optimistic, suggesting that the bulls will make another push to overcome this barrier. Master Ananda predicts that this time may indeed be successful, with the next obstacle being the $79,000 mark, which he believes Bitcoin could surpass as well.
Two main factors are expected to influence this anticipated price surge: short liquidations and Fear of Missing Out (FOMO). The need to cover liquidated short positions will create significant buying pressure, as these transactions will drive prices higher.
Moreover, the FOMO element likely complements the aforementioned factor, leading to increased buying activity as investors react to rising prices. This collective panic-buying could amplify the upward momentum, further pushing the price of Bitcoin.
Ananda’s outlook suggests that a bullish trajectory could lead Bitcoin to exceed $121,000 by May, indicating this impressive climb is only a couple of months away.
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Gregory Russell
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