Widely followed commentator “The Bitcoin Therapist” has predicted a strong move for Bitcoin by the end of the week, prompting mixed reactions due to the lack of clear analysis.
After surging to a peak above $111,900 on May 22, Bitcoin entered a volatile phase, experiencing a sharp decline to a local low of around $106,683 on May 25. Despite the dip, Bitcoin has staged a partial recovery and is now trading at $109,060—reflecting a 0.74% drop over the past 24 hours but still showing a 3.30% gain over the past seven days.
Market Reactions and Community Commentary
Following this consolidation, some market participants continue to predict higher prices. One such forecast came from The Bitcoin Therapist on X, who projected a $120,000 Bitcoin price by the end of the week.
$120K Bitcoin by end of week.
— The ₿itcoin Therapist (@TheBTCTherapist) May 27, 2025
At the current price of $109,060, this implies an approximate 10.03% increase is required. However, the post did not provide any technical or fundamental basis for the forecast.
The reaction among community members was mixed. One comment noted that price predictions lacked value without supporting context, pointing out that Bitcoin had already risen 8% in the current week.
The watcher highlighted the “greedy” market sentiment score of 68 and suggested a preference for fundamentals over speculative posts. Another commenter tied potential price moves to upcoming weekly and monthly candle closings. Others engaged more lightheartedly, acknowledging the bullish sentiment as a welcome distraction during market uncertainty.
Technical Analysis Confirms Potential Upside
However, technical insights provided by Titan of Crypto suggest a bullish longer-term structure. The chart analysis outlines a classic Inverse Head and Shoulders formation on the monthly timeframe.
This pattern is typically seen as a reversal indicator, with the structure completed by three troughs.
Notably, the left shoulder formed during Bitcoin’s mid-2021 correction from its $60,000 highs. The head, forming the lowest point, developed in late 2022 when prices touched the $15,000–$17,000 range. By early to mid-2024, the right shoulder had formed as the asset revisited resistance levels.
The breakout above the neckline pushed prices past the $100,000 level. Meanwhile, Bitcoin later pulled back to retest the neckline, a move considered typical and strengthening for this technical pattern.
Current Setup and Remaining Upside
At present, Bitcoin remains above the neckline level that had acted as resistance. According to Titan of Crypto’s analysis, the pattern’s breakout has activated a technical price target near $125,000.
Given the current price of $109,060, this suggests potential upside in the range of 14% to 15%.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
