Bitcoin Surpasses $125,000 to Set an ATH, Levels to Watch

Bitcoin (BTC) has shown a performance that renewed its all-time high (ATH) by surpassing 125,000 dollars over the weekend. With a weekly gain of 11.5%, Bitcoin has managed to attract investors' attention with this historic peak. The rising trend that has begun in the cryptocurrency market currently offers tremendous opportunities to investors, while critical price levels also play a decisive role.

Analyst Omkar Godbole emphasizes the importance of three critical levels in determining the future course of Bitcoin. First, the 126,100 dollar level stands out. This price represents the upper boundary of an expanding formation that has been ongoing since mid-July. According to Godbole, if Bitcoin struggles to surpass this level, a pullback may be observed in the short term. In such a case, the price may move towards the lower trend line that passes through the bottom levels of August and September.

The second critical level is 135,000 dollars. According to Deribit data, market makers have a net long gamma position at this level. Such positions may result in hedge transactions that limit price movements. Therefore, the 135,000 dollar level may become a strong resistance area during the upward movement.

Finally, the third level that attracts investors' attention is 140,000 dollars. Open positions on the Deribit exchange exceed 2 billion dollars at this level. This consolidation may cause the Bitcoin price to move towards 140,000 dollars, while large institutional investors' efforts to defend this level could also make it difficult for the price to remain permanent here.

All these factors highlight the critical price levels that Bitcoin needs to monitor in the near term. It is essential for investors to focus on these resistance points to determine their strategies.