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Breaking News: BREAKING: Historic $109,500 Bitcoin High: Here’s What Analysts Predict Next
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Breaking News: BREAKING: Historic $109,500 Bitcoin High: Here’s What Analysts Predict Next
bitcoin

Bitcoin Rally Incoming? Charts Signal Potential Push To New Highs

Ash Tiwari
by Ash Tiwari
2 weeks ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

As Bitcoin (BTC) flirts with the psychologically significant $100,000 mark, multiple on-chain and technical indicators have turned bullish. Crypto analysts across the board are forecasting a potential new all-time high (ATH) for BTC in the coming months, citing favorable market behavior, technical patterns, and macroeconomic developments.

Indicators Turn Bullish For Bitcoin

In a recent post on X, crypto analyst Titan of Crypto shared a two-week Bitcoin chart, highlighting BTC’s potential upside. According to his analysis, the top cryptocurrency may benefit from bullish Bollinger Bands. 

The chart showcases two previous instances – in 2023 and 2024 – where BTC posted significant gains after bouncing off the 20-day simple moving average (SMA), depicted as a red line in the below chart.

titan
Source: Titan of Crypto on X

If history is any indication, Bitcoin’s April 6 dip to $74,508 could end up being the local bottom for this cycle. Based on previous patterns, BTC could now be gearing up for a sharp move upward, potentially reaching a new ATH by July 2025.

Related Reading: Bitcoin Open Interest Approaches Key Breakout Zone Seen In Prior Bull Markets – Details

Adding to the bullish narrative, popular analyst Rekt Capital shared a weekly BTC chart indicating that downside deviation may already be behind us. According to the chart, BTC has a history of briefly dipping below the green support line before rallying to new highs. If the current cycle follows a similar path, Bitcoin could soon break past its previous ATH.

rekt
Source: Rekt Capital on X

Recent BTC price action has also filled its upper Chicago Mercantile Exchange (CME) gap. Filling an upper CME gap is considered bullish for BTC because it suggests strong upward momentum and market intent to reclaim higher price levels that were previously skipped during volatile moves.

cme
Source: Crypto Caesar on X

Order books are also pointing to potential upside. In another X post, analyst Crypto Goos noted that if BTC reaches $98,000, roughly $400 million in short positions will be liquidated. This kind of short squeeze could further fuel a sharp price surge as traders rush to cover positions.

goos
Source: CryptoGoos on X

BTC Whales Are Back In Business

Whales – wallets holding large amounts of BTC – are also becoming more active, further reinforcing bullish sentiment. According to CryptoGoos, there has been a noticeable rise in new whale wallets accumulating BTC. Such behavior typically reflects renewed confidence from large institutional and long-term investors.

Macroeconomic factors are also playing a role. Crypto enthusiast Ted pointed out that China’s recent decision to inject ¥1 trillion into its economy has positively impacted Bitcoin’s price. He noted:

I told you that the $BTC pump is coming soon. And it happened today. BTC pumped nearly $3,000 after China announced to inject ¥1 trillion into its economy. Follow the Global M2 supply and you’ll know exactly about the BTC pump.

Related Reading: Bitcoin Nears Crucial Golden Cross Signal, But Analyst Warns Of Underlying Weakness – Details

Despite the growing optimism, analysts caution that BTC must hold above key support at $93,198. A drop below this level could invalidate the bullish thesis in the short term. At press time, BTC trades at $96,589, up 2.3% over the past 24 hours.

bitcoin
BTC trades at $96,589 on the daily chart | Source: BTCUSDT on TradingView.com
Featured Image from Unsplash.com, charts from X and TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ash Tiwari

Ash Tiwari

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Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work. Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential. In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills. Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information. In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery. Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

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