Bitcoin’s Next Big Move? Ichimoku Signals Strength Amid Market Cycles

• Bitcoin holds above Kijun-sen support, signaling strong demand and resilience despite recent volatility.
• The Ichimoku Cloud remains bullish, with the Chikou Span above past prices, keeping market sentiment positive.
• Bitcoin follows the PO3 cycle, with signs of an upcoming expansion phase after accumulation and manipulation.

Bitcoin shows signs of regaining momentum as it holds above a key support level. The weekly Ichimoku highlights Bitcoin’s resilience with the Kijun-sen acting as a critical support point.  Bitcoin closing above the Tenkan-sen at $94,000, bullish momentum could strengthen.

Strong Support and Bullish Bias

According to Titan of crypto, Bitcoin recently experienced a sharp decline, forming a large bearish candle. However, buyers quickly stepped in, preventing further downside. The Kijun-sen provided strong support, with a long lower wick signaling robust demand at lower price levels. Consequently, Bitcoin rebounded, currently trading at $89,981.

Additionally, the Ichimoku Cloud is still bullish, with its forward line still in an upward trend. While short-term volatility has picked up, the Chikou Span is still above past prices. This indicates that overall market sentiment is still positive despite recent declines.

The next move may be determined by the approach of a critical resistance level. There will probably be more upward movement if Bitcoin recovers this level. A retest of support levels, however, might initiate a more profound correction if resistance is not broken.

Price Optimization Model and Market Cycles

According to Crypto Caesar, Bitcoin’s price action follows a structured pattern based on the Price Optimization Model (PO3). The market operates in repeated cycles of Accumulation, Manipulation, and Expansion. Each phase plays a vital role in shaping Bitcoin’s price movements.

In early 2024, the first cycle emerged. Accumulation preceded a brief manipulation dip before an explosive expansion phase. This movement set a new market structure, leading to another consolidation period before the next cycle started.

Mid-2024 saw another PO3 cycle with a similar pattern. Accumulation led to a sudden manipulation phase, shaking out weak hands. However, the price rebounded swiftly, initiating another expansion phase and reaching new highs.

The formation of the third PO3 cycle is indicated by late 2024 and early 2025. Bitcoin is presently in the accumulation phase after a period of manipulation that caused a precipitous decline. Nonetheless, the rapid price rebound raises the possibility that the expansion phase is approaching.