Bitcoin to Hit $126,000 in the Coming Weeks ?
First, the RSI has reached extreme oversold levels comparable to June 23rd when Bitcoin fell below $100,000. In parallel, the STH SOPR indicates capitulation from short-term investors, synonymous with panic selling.
Although Bitcoin’s rebound may be slow and tedious, the indicators point toward a bounce to new highs.
The STH Indicator shows resistance at $125,800, while the Mean Reversion Channel indicates a potential target of $126,600 in the coming days or next week if the trend maintains.
As a reminder, all of Bitcoin’s liquidity is to the north, and the STH capitulation provides additional confluence that the bottom from last weekend at $111,900 will be protected by smart money.
Trade for Potential 250% Gains
In this context, going long on Bitcoin offers an interesting bullish confluence.
Here’s the long position to take on Bitcoin right now on Bitget :
- Entry price : Between $114,500 and $113,600
- SL $110,000
- Leverage : x25
- TP : $125,000
- Potential gains : Approximately 250%
If BTC reaches $117,000, you can move your SL to BE (break even, meaning your entry price level) because a rejection between $118,000 and $117,000 is still possible in the short term.
How to Execute Your Long Position on Bitget ?
For those familiar with trading, here’s a guide to placing your long position with $100 on Bitget by following these simple steps :
Execution Strategy :
- Open a long position on BTC/USDT in the “Perpetuals” section of Bitget, between $113,700 and $114,300, with x25 leverage.
- Set a TP at $125,000 to secure $240 in net profit (+240% on initial capital).
- Place an initial SL at $110,000
- If the price reaches $117,000, move the SL to $114,000 (average entry level) to break even, eliminating the risk of loss.
- Monitor volumes, open interest on Bitget, and ETF-related announcements (e.g., SEC decisions) via CoinMarketCap or Glassnode to confirm momentum.
Potential Gains :
- TP : $240 (net, +240% on $100).
- Maximum loss : $100
Why This Trade ?
The entry zone ($113,700–$114,300) corresponds to a key support level, and the target of $125,000 aligns with liquidation projections and ETF-related optimism. However, leverage at x25 amplifies risks, especially if the price drops below $110,000.
Risk Management Recommendations :
- Volatility : Bitcoin is subject to sudden movements. 25x leverage can lead to rapid liquidation if the price drops by 4%.
- Risk management : Only risk what you can afford to lose. Moving the SL to break-even at $114,000 protects your capital.
- Monitoring : Set up alerts on Bitget for $117,000 (SL adjustment), $125,000 (TP), and $109,000 (initial SL).
- On-chain data : Check whale flows and liquidations via Glassnode to anticipate sudden dumps, and SOPR and STH data on CheckonChain.
- Fees : Perpetual contracts on Bitget have fees of 0.02-0.06%. Factor these into your TP calculation.
Warning : High-leverage trading is extremely risky, especially on a volatile asset like Bitcoin.
