- Bitcoin’s breakout from a broadening wedge keeps the $135K+ target in play if support holds.
- AVIV Ratio shows Bitcoin hasn’t reached a cycle top, suggesting more upside remains this cycle.
- Falling OTC balances and ETF inflows signal rising institutional accumulation and long-term interest.
Bitcoin has maintained a steady uptrend after breaking out of a right-angled descending broadening wedge, a formation known to precede strong bullish moves. The breakout remains valid, and analysts say the path toward $135,000 remains open as long as Bitcoin stays above this structure.
Technical Structure Supports Higher Price Target
According to analysis prepared by Titan of Crypto, Bitcoin has successfully broken above the descending broadening wedge pattern. This pattern has historically acted as a launch point during previous bull runs. The $135,000+ target remains valid as long as Bitcoin holds above the breakout level.
Bitcoin is currently trading at $102,409.36 and has remained above $100,000 for 44 straight days. This price action reflects sustained strength and strong buying interest. Analysts consider this consolidation phase healthy for further growth. Gert van Lagen also pointed out that the AVIV Ratio, a market cycle metric, remains below the level that typically signals a top.
According to an observation by Van Lagen, past peaks in 2013, 2017, and 2021 occurred when the AVIV Ratio crossed +3σ of its average. This has not yet occurred in 2025, which leaves room for further price growth this cycle.
Institutional Activity and On-Chain Metrics Indicate Accumulation
On-chain data from CryptoQuant shows that Bitcoin balances on OTC desks have dropped from 166,500 to 137,400 in 2025. This trend suggests institutions are accumulating and shifting BTC into long-term storage, reducing selling pressure.
New participants, such as Metaplanet, have added thousands of BTC to their portfolios. In addition, over $128 billion in net value has flowed into spot Bitcoin ETFs. BlackRock’s crypto holdings alone now exceed $70 billion, reinforcing institutional confidence in Bitcoin’s long-term prospects.
According to Bitcoin researcher Sminston With, a power law model using a 365-day average suggests a target range of $220,000 to $330,000. Though only four cycles support this model, the trend has held strong and continues to align with ongoing market behavior.
