Bitcoin Nears $125K Ceiling — Analysts Warn Rejection Could Trigger Downtrend

Ledn Chief Investment Officer John Glover, who accurately predicted Bitcoin’s recent rally, has warned that failure to clear the $125,000 resistance could trigger a bear market.

BTC briefly reached record highs above $125,000 over the weekend, supported by renewed interest in U.S.-listed spot ETFs amid the ongoing government shutdown and pro-stimulus comments from Japan’s new prime minister. Prices have since eased to around $124,000.

“The $125K level is critical,” Glover said, citing Elliott Wave analysis. “A decisive break could push BTC to $145K by year-end, but repeated rejections may mark the start of a bear market.”

Since July, Bitcoin has crossed $120,000 three times. While earlier rallies reversed sharply, the current move appears more resilient. Singapore-based QCP Capital noted continued non-institutional demand, suggesting that momentum could extend if BTC secures a clean break above $125K.