Bitcoin Aims for $190K After Strong Rebound

The price of Bitcoin has once again captured global attention as it surged beyond $111,000, marking one of its most powerful rebounds of the year. Traders and analysts are closely watching Bitcoin, as a classic bullish pattern on the charts hints at a potential rally toward $190,000 in the near future. After weeks of volatility, Bitcoin has regained strength, pushing the entire cryptocurrency market upward and restoring confidence among investors who view Bitcoin as both a safe haven and a speculative opportunity.

During Monday’s European trading session, Bitcoin climbed steadily, surpassing $111,000 and gaining over 4% within 24 hours. This upward move came amid improved macroeconomic conditions, such as renewed optimism about trade relations between the United States and China. Many analysts suggest that the easing of political tensions and the possibility of a trade agreement could further stimulate demand for digital assets like Bitcoin. Other major cryptocurrencies, including Ether, Solana, BNB, XRP, and Dogecoin, followed Bitcoin’s lead, posting solid gains between 3% and 5%, showing that Bitcoin continues to drive the overall market direction.

The bullish movement of Bitcoin also coincided with speculation about an upcoming interest rate cut by the U.S. Federal Reserve. Investors are now expecting a 99% likelihood of a 25-basis-point reduction at the upcoming FOMC meeting. If realized, this rate cut could provide more liquidity to global markets, a situation that previously triggered strong bull runs for Bitcoin and other digital assets. Furthermore, Fed Chair Jerome Powell’s comments about a possible end to quantitative tightening by early 2026 have added more fuel to the optimistic outlook surrounding Bitcoin.

From a technical standpoint, Bitcoin displayed a clear bullish signal through the Relative Strength Index (RSI). The RSI indicated a positive divergence, suggesting that sellers were losing momentum and that the market was ready for a reversal. Traders began accumulating Bitcoin at lower levels, interpreting recent dips as buying opportunities rather than signs of weakness. The charts show multiple bullish patterns—specifically, three distinct bull flags—that could propel Bitcoin toward new all-time highs.

The first bull flag, formed between September 2023 and October 2024, projects a target near $192,000. The second flag, established between September and December 2024, points to approximately $186,000. Finally, a smaller, more recent flag has been taking shape since March 2025; if Bitcoin breaks above $115,000, it could trigger a massive rally aligning with the upper targets of around $192,000. This sequence of patterns strongly supports the long-term bullish trend for Bitcoin, indicating that institutional and retail interest in Bitcoin remains strong.

Analysts across the market share different projections. One analyst, known as Mags, believes that Bitcoin could continue to rise within an ascending channel on the weekly chart, potentially reaching between $250,000 and $290,000. Others, such as Aksel Kibar, maintain a more cautious view, forecasting that Bitcoin could rise to around $141,000 if its inverse head-and-shoulders pattern completes successfully. These various analyses highlight the growing optimism and diversity of opinions about Bitcoin’s next big move.

The recent weekly close of Bitcoin above $108,000 reinforces the bullish scenario. Many traders interpret this close as a strong signal that the market has regained its upward momentum and is ready for the next phase of the bull run. Historically, when Bitcoin breaks through such critical resistance levels, it tends to rally even higher, attracting new investors and institutional capital.

In essence, Bitcoin has reestablished itself as the leader of the digital economy. Its current price momentum, combined with supportive macroeconomic trends and positive chart structures, indicates that the road to $190,000—or possibly even higher—could soon become reality. Once again, Bitcoin proves that it is not just a cryptocurrency; it is a global financial phenomenon redefining how the world views digital value and monetary freedom.