---
title: "Here Is the Next Target in Sight"
url: https://diffcoin.com/here-is-the-next-target-in-sight/
description: "A strong breakout above $109K neckline indicates Bitcoin may continue upward, which has made $112K now a realistic target."
published: 2025-05-26
updated: 2025-05-26
author: "Mila"
site: "Diffcoin"
---

# Here Is the Next Target in Sight

Bitcoin clawed back losses on Monday, rising to nearly $110,000 after US President Donald Trump’s unexpected EU tariff announcement rattled markets over the weekend.

A key technical pattern has now emerged, which could potentially hint at the next major move in the cryptocurrency’s ongoing price trend.

## Bitcoin’s Double Bottom Formation

Bitcoin may be on track to reach $112,000 following the activation of a classic double bottom pattern, according to CryptoQuant’s report.

The pattern—often viewed as a strong bullish reversal signal—formed around key support levels at $106,800 on May 23 and $106,600 on May 25, with a neckline at $109,000. The price has since broken above the neckline and is currently trading above $109,400.

CryptoQuant noted that this breakout occurred with strong trading volume, thereby indicating growing bullish momentum. If the breakout level continues to hold as support, analysts believe a move toward the pattern’s projected target of $112,000 is likely.

> “Double bottoms are where the market says: ‘We’ve sold enough.’ When buyers defend the second bottom, it sends a message: Now it’s our turn. But remember, not every pattern plays out. Know your risk, make your decision.”

As Bitcoin holds firm above key technical levels, gauging the on-chain metrics reveals a quiet tug-of-war unfolding beneath the surface.

## Bullish Continuation Likely

Bitcoin’s recent price action reveals a growing divergence between retail behavior and whale activity, as per the latest on-chain analysis. Despite prices grinding higher, exchange netflows remain negative, which implies that more BTC is leaving exchanges than entering.

At the same time, the Taker Buy/Sell Ratio has dropped below 1.0. This figure signals that aggressive selling continues, which is likely driven by retail investors de-risking. However, the absence of large inflow spikes suggests there’s no widespread panic or major distribution.

Analysts have interpreted this as a potential stealth accumulation phase by smart money. If prices hold amid rising sell pressure, a short squeeze and bullish continuation could follow.

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[Source link](https://cryptopotato.com/bitcoin-btc-brushes-off-geopolitical-jitters-here-is-the-next-target-in-sight/)