- Bitcoin repeats bullish wedge pattern seen in 2023 and 2024, followed by breakout and MACD crossover signaling strong momentum continuation.
- MACD crossover appears quietly as BTC consolidates above $105,000, suggesting structure remains intact and another breakout may be forming.
- Long-term holders now own 72.3% of BTC supply and are accumulating, indicating confidence ahead of a possible upward market shift.
Bitcoin is exhibiting some familiar technical patterns that mirror bullish setups from 2023 and 2024 per some recent technical analysis and charts.
Recurring Bullish Setup Suggests Continued Uptrend
Crypto trader MerlijnTrader pointed out a repeating structure visible in Bitcoin’s price action across 2023, 2024, and 2025. Each year, Bitcoin formed a falling wedge pattern followed by a breakout and bullish momentum shift, supported by MACD crossovers.
In 2023, Bitcoin broke out of a descending wedge near $25,000 and spiked over $45,000 with the move confirmed by a bullish MACD Crossover with a change of momentum! Another similar formation occurred in 2024 and Bitcoin fell from $50,000 to over $80,000 once it broke above resistance plus again MACD confirmed the bullish move in late 3rd quarter.
Now in 2025, Bitcoin has created a nearly identical falling wedge from March to May. The breakout above $100,000 and a fresh MACD bullish crossover are drawing comparisons to past rallies. The price is currently holding above the previous resistance, now acting as support near $105,000.
MACD Flip Adds Fuel to the Bullish Case
According to MerlijnTrader, while many market participants reacted nervously at key support levels, the MACD flipped without noise. This crossover suggests the technical structure remains intact, and price consolidation above $105,000 may be preparing for another upward move.
The tweet emphasizes that Bitcoin’s structure has not broken and warns that the breakout may occur “not with noise… but with silence.” Traders monitoring these patterns point to the strength of historical setups that followed similar technical signals.
Bitcoin’s price action continues to echo conditions that previously led to large rallies. If the pattern holds, the market could witness further gains in the coming weeks.
Long-Term Holders Increase Accumulation Before Next Leg
On-chain activity further strengthens the bullish outlook. Crypto analyst @CW8900 noted that long-term holders (LTH) now control 72.3% of all Bitcoin supply. Typically, LTHs distribute during bull markets. However, the current trend shows they are accumulating.
This reversal in behavior often precedes major upward moves. Historically, when LTH supply begins to decline again, it signals the start of major price advances. The market is currently observing that accumulation phase.
As the LTH cohort continues buying, it suggests strong belief in the market’s longer-term trajectory. The behavior aligns with the technical breakout pattern already taking shape.
