Is Bitcoin Price Heading To $137K? Market Expert Says BTC Broke Out Since Nov. 2024

Bitcoin's price has surged in the second quarter of 2025, surpassing $100,000 and nearing its all-time high. This marks a significant shift from the sluggish start to the year, signaling renewed investor confidence. Market expert Aksel Kibar believes the initial sell-side pressure was a precursor to a larger price breakout. Kibar's analysis points to a long-term breakout signal observed in late November 2024. This breakout, coinciding with Donald Trump's election victory, led to a parabolic run. The formation of a bullish "cup and handle" pattern further strengthens the positive outlook. After reaching its all-time high, Bitcoin saw a correction before resuming its upward trend. Kibar sets a target of approximately $137,000 based on the pattern, suggesting substantial growth. The current Bitcoin price is around $103,071, showing a recent increase. Bitcoin's weekly performance reflects a positive trend, with a rise of over 6%. This bullish momentum is evident in the market.