Bitcoin Trader Astronomer Closes $111K Long as Rally Extends

Bitcoin’s steady climb from $111K to $125K reinforces bullish confidence as Astronomer celebrates a flawless two-month winning streak.

The breakout above $125K and clear Elliott Wave structure highlight growing momentum with traders eyeing a potential move toward $150K.

Strong volume and precise technical zones between $108K–$112K confirm Bitcoin’s reversal strength and traders’ growing optimism for new highs.

Bitcoin’s climb toward $125,000 has once again proven profitable for seasoned trader Astronomer, who announced a full take-profit on his long position from $111,000. The analyst confirmed the trade closure on X, celebrating his fifth consecutive winning streak and two months without a single loss. This milestone underscores growing trader confidence as Bitcoin continues to demonstrate strength through early October 2025.

Astronomer expressed satisfaction with his performance, noting the patience and conviction behind the trade. “$BTC 125k hit, FULL TP on the 111k long, thanks for playing,” he wrote, adding that few believed in the reversal when he first opened the position. Now, as Bitcoin celebrates new all-time highs, his early conviction appears well rewarded.

Technical Setup and Reversal Confirmation

The six-hour Bitcoin to TetherUS perpetual contract chart showcased a powerful reversal pattern that began in mid-August. The market had entered an extended downtrend, marked by several purple “Don’t long” zones between August and early September. However, Bitcoin found strong footing in the “Astro reversal zone” between $106,000 and $111,000, where Astronomer confidently entered his long position.

Source: Astronomer

From there, prices began climbing steadily, hitting multiple take-profit levels at $112,000, $115,000, and $118,000. Each level carried detailed annotations and checkmarks confirming successful exits. Moreover, Astronomer’s chart highlighted a “CME Gap close,” signaling Bitcoin’s recovery of a key futures imbalance.

Bullish Momentum Strengthens Ahead of Next Leg

As the rally progressed, Bitcoin reached the $125,135 mark, supported by a strong trading volume of 2.07 million contracts. The ongoing Elliott Wave count placed the asset in Wave 3, approaching resistance near $126,000. Additionally, Astronomer’s projection outlined a final “FULL CLOSE” target at $149,596, suggesting a potential 13.55% gain from current levels.

The analysis also identified a gray “Long Entry” zone between $108,000 and $112,000, confirming the successful reversal setup. Besides, the cyan projection box on the chart illustrated the expected continuation toward higher resistance levels in the coming weeks.

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