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Bitcoin’s price slipped today to $105,235, falling 1.5% within the last 24 hours. Many market observers see the dip as an interim pause prior to a big move. According to their charts Bitcoin may be preparing for another sharp gain.
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The Historical Patterns Suggest Rebound
The analyst, known as “Mister Crypto,” Each big Bitcoin rally is marked by the rounded-bottom and ascending triangle formations. Bitcoin, when it was under $10 at the time, spent many months in a smooth curved base, before it broke out to reach $1,000.
In 2017, a similar pattern was observed. In 2017, a similar pattern emerged. After almost three years of sideways movement, the price finally shot up to $20,000. In 2021, after nearly four years building up a broad base and then exploding to almost $70,000, we saw the exact same pattern.
Bitcoin’s price will soar to new heights.
This time will not be any different! pic.twitter.com/0fEMMMclbD
— Mister Crypto (@misterrcrypto) May 29, 2025
Mister Crypto’s chart indicates that the time after 2021 formed a new base. If history plays out the same way, his forecast points to a breakout in 2025 that could send Bitcoin as high as $900,000—a 760% rise from today’s level.
Analyst Charts Re-Accumulation
Bitcoin is usually analyzed in phases, as shown by charts. The first stage is the initial “leg up” This signals a shift in the trend from accumulating to a bullish one. After that, price moves into a sideways trend. “re-accumulation” Phase before the last run
In 2019, 2021 will be the year of the new decade. Bitcoin Followed this route closely. Analysts have noted that Bitcoin appears to be going through the same phase of reaccumulation from mid-2025 until late 2023. If this unfolds as in past cycles, the next big upswing could push Bitcoin into the $270,000–$350,000 range before any parabolic spike comes into view.
Long-Term Holders Keep Adding Coins
Data from the on-chain shows that long-term investors (addresses which haven’t transferred their coins for over 155 day) continue to accumulate. They increased their total supply between March 3, 2025 and May 25, 2020 by more than 1.40 BTC.
This pushed the long-term BTC holdings up from 14,354,000 BTC, to 15,739 400 BTC. In previous bull markets—like those in 2013, 2017, and 2021—long-term holders often sold during the rallies to lock in profit.
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Today they are content with holding. There will be less coins for sale if there are large blocks of Bitcoin that remain outside exchanges. If demand rises, this could cause a shortage of Bitcoin.
The Uncertain Future of the Market
Bitcoin’s momentum has dipped recently but analysts believe that this will not last. The price is below the levels of last week at $105k.
Reports indicate that some people see this as a consolidation phase before the next big run. Some warn global interest rates and regulation could cause things to slow down.
Chart by TradingView. Image from Pexels.
“This article is not financial advice.”
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Source: www.newsbtc.com
