Bitcoin Near $125K Resistance — Is the Rally Over?

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Bitcoin(BTCUSDT) increased to $120,000 after breaking resistances, as I expected in my previous idea.

Bitcoin has already managed to break the Resistance zone($121,000-$119,000) and is moving near the Potential Reversal Zone(PRZ)[$127,830-$124,000].

According to Elliott Wave theory, Bitcoin is completing the 5th major impulse wave. In my opinion, this is the last bullish wave of Bitcoin, and after that we should wait for the main correction of Bitcoin. Do you agree with me that it is time to run and take profit!?

To get a better view of the main waves, I suggest you look at the idea below.

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Bitcoin(BTCUSDT) increased to $120,000 after breaking resistances, as I expected in my previous idea.

Bitcoin has already managed to break the Resistance zone($121,000-$119,000) and is moving near the Potential Reversal Zone(PRZ)[$127,830-$124,000].

According to Elliott Wave theory, Bitcoin is completing the 5th major impulse wave. In my opinion, this is the last bullish wave of Bitcoin, and after that we should wait for the main correction of Bitcoin. Do you agree with me that it is time to run and take profit!?

To get a better view of the main waves, I suggest you look at the idea below.

Also, since Bitcoin is correlated with the S&P500Index(SPX) and since I also foresee the possibility of a correction in the S&P500 Index, it is also possible to expect a decrease in the price of Bitcoin based on the S&P500 Index analysis.

I expect Bitcoin to start declining after entering the Cumulative Short Liquidation Leverage($125,000-$122,580) and Potential Reversal Zone(PRZ)[$127,830-$124,000] and at least fill the CME Gap($119,100-$117,425).

Note: There are heavy sell orders around $125,000.

Cumulative Long Liquidation Leverage: $120,866-$119,442

Cumulative Long Liquidation Leverage: $117,743-$115,452

What is your opinion on Bitcoin and its trend? Can it see $130,000, or will a main correction begin?

Please respect each other's ideas and express them politely if you agree or disagree.

Bitcoin Analyze (BTCUSDT), 2-hour time frame.

Be sure to follow the updated ideas.

Do not forget to put a Stop loss for your positions (For every position you want to open).

Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.

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[Maxwell]

Great call on identifying the 5th wave — I agree we’re getting close to the PRZ where a correction is likely

[Nahiar806]

Solid analysis combining Elliott Wave, PRZ, and S&P correlation. The $125K zone will be key for decision-making

[rafihasan]

I’m watching that CME gap too — history shows BTC rarely leaves them unfilled for long

[jacson4]

This is a really solid breakdown, and I agree that the $124K–$128K PRZ is a dangerous zone for late longs. Historically, when Bitcoin approaches the final leg of a major Elliott Wave cycle, we see euphoria-driven spikes followed by brutal corrections — and the heavy sell walls around $125K are a real warning sign.
That said, I wouldn’t discount the possibility of a quick overshoot toward $130K if short liquidations pile up. In this kind of environment, liquidity hunts can push price slightly beyond technical PRZ levels before reversing. Personally, I’m taking partial profits now, keeping a tight trailing stop, and waiting to re-enter after a proper retrace — ideally around that CME gap fill near $118K.

[Nahid10]

The correlation you mentioned with the S&P 500 is key — if equities roll over from here, it could be the catalyst for Bitcoin’s main correction. The $121K–$125K region feels like a battleground where smart money might be distributing into strength while retail chases the breakout.
One thing I’m watching is funding rates and open interest: if they spike alongside price into the PRZ, that’s a recipe for a long squeeze back down. For me, the plan is simple — take profit into strength, protect capital, and avoid chasing this late in the wave. If we do get a corrective ABC move, it could set up a cleaner re-entry for the next macro cycle.