As Bitcoin Soars to Historic Highs, Analysts Highlight 3 Crucial Price Markers

Bitcoin (BTC) surged to a new all-time high above $125,000 on Sunday, capping an 11.5% weekly gain and extending its strong October rally. As BTC trades in price discovery, analysts are identifying key technical levels that could shape the next major move.

$126,100 – Near-Term Resistance Zone

The $126,100 region marks the upper boundary of a broad expanding range pattern forming since mid-July. The trendline linking July 15 and August 14 highs outlines a likely resistance area. A rejection from this zone could see BTC retrace toward the range’s lower boundary near $120,000, aligned with the August 3–September 1 support trendline.

$135,000 – Market Maker Control Level

A decisive break above $126K would shift attention to $135,000, where market makers reportedly maintain a net long gamma position, according to Amberdata’s Deribit options metrics. In this configuration, liquidity providers tend to buy on dips and sell on rallies, dampening volatility and creating a potential price equilibrium zone that could slow further upside momentum.

$140,000 – The Options Magnet

The $140,000 level is emerging as a high-stakes battleground. Deribit data shows this strike holds over $2 billion in notional open interest, making it the second-most traded call option on the exchange. Such concentrations often act as magnet levels, drawing BTC closer — but institutional sellers of these calls could defend the strike aggressively, turning it into a major resistance wall.

Outlook:
Bitcoin’s break to record highs underscores continued institutional demand and robust spot ETF inflows. However, with option clusters and gamma zones now concentrated between $126K and $140K, traders expect volatile, range-bound action before BTC attempts its next breakout phase.