- Bitcoin price pumped over 3% after dipping to 5-digit price levels.
- Analyst notices the same bullish pattern from late 2020 on BTC weekly chart.
- Bitcoin price prepares to enter a bullish year of 2025 for BTC price.
Bitcoin (BTC) is in the midst of the start of the most bullish phase of a crypto bull cycle. During this phase, Bitcoin set its latest ATH price at $103,900.47 before slipping into a healthy correction phase, one that may still be playing out. After dipping to the $97,000 price range, Bitcoin has just rallied to over $100,000 after a sudden pump of over 3%.
BTC Price Reclaims 6-Digit Price Level
The crypto market is pleased to see Bitcoin reclaim a 6-digit price range bringing it closer to its 6-digit ATH price. In the eyes of seasoned crypto traders, Bitcoin is expected to continue in a slow sideways movement taking its price between $90,000 to $110,000. This suggests more dips and new ATHs in the coming days.
Bitcoin Prepares for Bullish Surge in 2025
In particular, analysts are certain that the next ATH for Bitcoin will be between $125,000 to $135,000, and that the $125,000 ATH will arrive by January – February. In light of this expectation, analysts are finding significant pump indicators on the Bitcoin price chart. For instance, the chart in the image above depicts a candlestick structure on the weekly that’s eerily similar to that of late 2020.
Similarly, another chart adds to the bullish BTC price expectations as one analyst highlights in the image above, the inevitable sign for a bullish Bitcoin pump in 2025. In detail, crypto momentum is building and the upcoming year is set to be green. The crypto cycle is a four year cycle where 1 bearish year is followed by three bullish ones and 2025 is the last and usually, most bullish year of this cycle.
The post Bitcoin Mimics Late 2020 Bullish Surge Pattern on Weekly Price Chart Signaling Massive Bullish Pump for 2025 appeared first on Crypto News Land.
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