Bitcoin (BTC) appears to be gearing up for another price discovery phase. The leading digital asset by market capitalization has gained an impressive 17.4% over the past month, setting a new all-time high (ATH) of $111,980 on May 22.
According to a recent X post by crypto analyst Titan of Crypto, BTC may soon enter price discovery mode once again. The analyst shared the following daily chart indicating that Bitcoin is targeting the blue line of the Golden Ratio Multiplier, with a potential price target of $130,000.
For the uninitiated, the Golden Ratio Multiplier is a Bitcoin price model that applies Fibonacci multiples – such as 1.6, 2, 3, 5 – to the 350-day moving average to identify potential resistance and support levels during market cycles. The indicator helps visualize when Bitcoin is overbought or undervalued relative to its long-term trend.
On a broader time frame, BTC also seems to be following a Fibonacci Extension pattern, with the next major resistance projected at $135,000. Interestingly, Bitcoin followed a similar pattern in November 2025, which was followed by the creation of multiple new ATHs.
