Bitcoin reaching up to $130,000? – Traders should follow these next levels

Bitcoin (BTC) is still maintaining above the 105,000 USD mark despite the Supply Distribution index showing it is overvalued compared to the capital that investors have put in. The liquidation map for Bitcoin in the last 24 hours shows high leverage concentration at current price levels, indicating the potential for significant volatility. Key liquidity peaks are identified above 108,800 USD and below 107,100 USD, serving as major pressure points.

If BTC can close above the resistance level of 108,800 USD, a large liquidation of Short positions could occur, paving the way for a new ATH. Conversely, if Bitcoin drops below the low of 107,100 USD, Long positions may be liquidated, adding further downward pressure.

In the context of the current market tensions, Aguila Trades has returned with a Short position with 20x leverage, according to information from Onchain Lens. This move comes after Bitcoin fell below the threshold of 108,000 USD—a opportunity that Aguila aims to capitalize on.

Source: CryptoRus/XIf BTC breaks through the important liquidation level of 108,800 USD, Aguila's Short position may face the risk of being wiped out. However, if the price encounters rejection and drops below 107,100 USD, this could confirm a sell setup and trigger a larger correction, thereby increasing Aguila's profits, assuming the position remains active.

Investors need to closely monitor these price ranges, as Bitcoin is still stuck in a leverage war. Liquidity pools indicate a concentration of stacked positions that could be targeted and wiped out, shaping the short-term movements of the market.

Can BTC break its ATH and reach 130,000 USD in Q3?

With the ability for liquidation potentially affecting price action, technical analysis becomes very important to identify potential targets. A weekly close above 110,000 USD could act as a launchpad towards the Fibonacci extension level of 135,500 USD.

History shows that Bitcoin experienced a strong surge in Q4 2024 after closing decisively above 75,000 USD on a weekly basis—a level that was retested around 76,000 USD in 2025.

If this structure repeats, a clear closing above 107,720 USD could unlock upward momentum, initially targeting 110,000 USD, and then potentially extending to 130,000 USD.

If Bitcoin cannot break through 108,000 USD, it may face another rejection and slide back to the 92,000–95,000 USD range. The repeated breakout and retest pattern has formed a rising staircase structure, which often signals market strength and may confirm an upward trend.

Conversely, if BTC reaches a new high but fails to maintain a weekly closing above 107,000 USD, the short-term rally may lose momentum. This could lead to a prolonged accumulation phase, limiting the potential for price appreciation.

Overall, this price behavior will be a key factor in shaping the direction of Bitcoin in Q3 and maintaining growth momentum.

Mr. Giáo