A leading cryptocurrency analyst has identified a clear pathway for Bitcoin (BTC) to reach $137,000 within the next 1-2 months. 

According to TradingView analyst MasterAnanda in an August 11 post, Bitcoin’s 3-day chart reveals compelling bullish momentum that positions the asset for its next major price milestone at $137,000.

“Bitcoin is now trading at is highest price ever since the all-time high. At resistance, challenging resistance, ultra-bullish.”

MasterAnanda’s analysis incorporates altcoin market behavior as a key directional indicator. When Bitcoin consolidates at high prices, rising altcoins typically signal that consolidation will lead to additional growth, while declining altcoins suggest potential breakdown.

“If the altcoins are rising while Bitcoin is consolidating, this means that the consolidation will lead to additional growth,” the analyst stated, pointing to recent strength in Ethereum (ETH) reaching new multi-year highs as a positive signal.

Additional technical analysis from TradingShot indicates Bitcoin could reach $148,000 by late September 2025, based on a bull flag pattern and 2.0 Fibonacci extension levels.

Supporting the technical bullish case, fundamental metrics show strong network adoption. In fact, on Saturday, August 9, Bitcoin saw 364,126 new addresses created, marking the highest single-day count in a year.

This surge in new addresses typically indicates growing retail and institutional interest, providing additional momentum for price appreciation as the network effect strengthens.

Bitcoin price analysis

At press time, Bitcoin was trading at $120,512 with a 5.36% gain in the last 7 days and 1.71% in 24-hour volume. The asset is currently testing resistance levels near its previous all-time high of $123,091, with technical indicators suggesting room for further gains.

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