- Bitcoin forms a bullish inverse head and shoulders pattern with $150K breakout potential ahead.
- BTC supply on exchanges hits a 7-year low, increasing long-term bullish pressure as whales accumulate.
- Whale activity and on-chain data signal strong positioning for a major rally toward $205K by 2025.
Bitcoin’s momentum has stalled in recent days, weighed down by growing geopolitical tensions in the Middle East. However, despite short-term weakness, several bullish signals are emerging on Bitcoin’s technical charts, pointing to a potential breakout that could send prices soaring in the coming months.
Crypto analyst Mister Crypto recently highlighted a significant development on the Bitcoin three-day chart. According to his analysis, Bitcoin is currently forming an inverse head and shoulders pattern, a highly bullish technical formation. If confirmed, this pattern suggests that BTC could break out sharply, potentially reaching as high as $150,000.
Source: X
The inverse head and shoulders pattern is often seen at the end of a downtrend. It consists of three lows: two smaller dips on either side of a deeper trough in the center. The deeper middle low is called the “head,” while the smaller lows form the “shoulders.” A breakout above the neckline of the resistance level connecting the highs between these troughs often signals the start of a new uptrend.
Other prominent analysts share Mister Crypto’s bullish outlook. Jelle, another widely followed crypto expert, observed that BTC has also formed a bullish pennant pattern above previous highs. Pennant patterns are continuation signals that typically lead to strong upside moves once the price breaks out.
Source: X
Bitcoin Supply Hits 7-Year Low
Beyond technical patterns, supply dynamics are also increasingly favorable for Bitcoin. Crypto commentator Master of Crypto noted that BTC balances on exchanges are now approaching their lowest levels since 2017, with less than two million BTC available for trading. It suggest more investors are moving their coins into long-term cold storage, reducing the available supply on the open market.
Source: X
A shrinking supply, combined with steady or rising demand, often results in upward price pressure. As fewer coins are available for sale, any surge in buying interest could drive prices sharply higher.
Bitcoin’s long-term power cycle also appears to remain intact. Analyst apsk32 pointed out that BTC has followed this cycle for 15 years, and the current trend suggests the next major price peak could arrive by November or December 2025.
Source: apsk32 on X
Meanwhile, author and financial educator Robert Kiyosaki emphasized the bullish sentiment. In a recent X post, he stressed that accumulating Bitcoin is more important than timing the perfect price entry. Kiyosaki boldly predicted that BTC could reach $1 million by 2030, citing growing distrust in traditional fiat currencies.
Bitcoin Whales Fuel $205K Price Target
Other analysts share similar optimism but with slightly more conservative targets. CryptoQuant analyst Carmelo Aleman recently forecast that Bitcoin could top out at $205,000 by the end of 2025.
Further supporting this bullish outlook, on-chain data shows continued whale activity. Large holders are withdrawing significant amounts of BTC from exchanges while new inflows remain relatively low. This behavior suggests whales are positioning for long-term gains, anticipating higher prices ahead.
At the time of writing, Bitcoin is trading at $ 104,496 with a 24-hour trading volume of $ 28.73B and a market cap of $ 2.08T. BTC price decreased -0.48% in the last 24 hours. Despite short-term fluctuations, the broader sentiment remains bullish as key indicators align in Bitcoin’s favor.
Source: CoinMarketCap
Also Read: Bitcoin Bull Run Stalls as Whales Trigger Major Sell-Off Above $100K