- Bitcoin mirrors its 2024 breakout pattern, hinting at a potential rally toward $150,000.
- Whale accumulation increases during dips, signaling strong long-term investor confidence.
- Macroeconomic conditions and institutional growth support a bullish BTC outlook this cycle.
Bitcoin is showing strong structural similarities to previous bullish phases, despite short-term volatility. The current price is $104,980.45, and analysts suggest that BTC may be entering a setup similar to past rallies. Chart comparisons, on-chain activity, and macroeconomic signals support the view that Bitcoin may target $150,000 in the coming months.
Familiar Pattern Signals Potential Breakout
According to an analysis prepared by Merlijn The Trader, Bitcoin is repeating a known price pattern seen in 2024. At that time, BTC experienced a liquidity grab before breaking above key resistance, eventually rallying over 80%.
“Same structure. Same trap. Same breakout,” Merlijn stated, suggesting a similar breakout may be forming in 2025. Bitcoin recently rebounded from a low near $102,800, finding support at its 50-day simple moving average.
This is a level that also supported price before the 2024 rally. According to TradingView data, BTC surged after a similar setup last year. Now, the asset is again testing range highs, with analysts pointing to a breakout above $112,000 as the next step.
Whale Accumulation and Macro Factors Align
Large holders have resumed accumulation during recent price dips. This behavior often signals confidence among long-term investors, especially during consolidation phases. Henry, a trader on X, noted, “We just entered the accumulation phase… $135,000 is our next short-term target.”
Bitwise CEO Hunter Horsley also commented on the price action, saying, “Once Bitcoin breaks through $130-150k, no one is going to sell.” Institutional adoption continues to grow, with 31% of BTC supply now held by centralized treasuries, according to a joint report by Gemini and Glassnode.
Meanwhile, macroeconomic conditions, such as soft inflation data, may encourage future rate cuts. Analysts believe this environment could support Bitcoin’s next leg up, with predictions ranging from $150,000 to $200,000.
