Analyst predicts Bitcoin will hit $121,000 by May despite resistance
Analyst Master Ananda sees a fresh Bitcoin breakout forming. He targets a move above $100k with a peak near $121k by May.
According to his read, Bitcoin is “gearing up” on higher timeframes. He expects momentum to flip after two failed March breakouts and push through key resistance levels (analysis) (chart).
Bulls plan a third attempt at $74,500. The level remains the “line in the sand.” Above it, $79,000 comes next (resistance context) (levels).
He cites two drivers. Short liquidations that force buys, and FOMO that adds new participation as price rises (participation/FOMO).
Investor optimism hasn’t vanished, despite recent drawdowns. Bullish positioning persists in parts of the market (sentiment).
- Key levels to clear: $74,500 then $79,000 (context) (chart)
- Reclaim of $100,000 expected if momentum builds (projection)
- Top-side target: $121,000 before peaking (target/timeframe)
- Timeframe: “by May,” per the shared chart (chart)
- Bias: turning bullish on higher timeframes after steady grind up (bias)
