Bitcoin price is showing major bull signals that have sparked previous rallies, which is once again capturing the attention of the cryptocurrency market. Analysts are predicting a possible rise to a new all-time high, driven by historical patterns and technical indicators.
Bitcoin's price action has been in the news again this week, thanks to exciting technical signals pointing to a potential rally. Analysts point out that these signals have led to impressive price gains in the past, leading to expectations that Bitcoin may be on the verge of setting a new record.
A thorough analysis of the weekly chart highlights a crucial pattern that has only been seen four times in the past two years. This pattern is always accompanied by a strong price increase, which is indicative of an uptrend for Bitcoin this weekend.
The signals are coupled with the Bollinger Bands, which this time confirm that Bitcoin has touched the lower band and bounced upwards. This confirms that support is at an all-time high, paving the way for a new period of bullish momentum.
This signal has now been noted for the fifth time in this cycle. Each previous occurrence, marked by white circles on the chart, resulted in significant price increases.
Notably, Bitcoin surged from below $2023 to over $2.000 in early 30.000, also after a similar signal appeared. More rallies followed over the course of the year, with Bitcoin even breaking through $60.000 and making a parabolic rise above $2024 in early 100.000.
Now, in the second quarter of 2025, the cryptocurrency is showing this reliable signal again. The price is currently around $77.500 with a resistance level above $106.000. If the Bollinger Bands continue to indicate, Bitcoinsensus predicts a rally towards $130.000 – $160.000, which would mean that Bitcoin could extend its all-time high by more than 46,7%.
Bitcoin is once again approaching the magical $100.000 barrier, thanks to a recent 4,75% surge. Crypto analyst Trader Tardigrade says Bitcoin could soon break through bearish resistance to reach new highs.
The analyst presented a chart showing a recurring breakout pattern that has historically led to significant price increases. This pattern occurred three times previously: from late 2022 to early 2023, from mid-2023 to early 2024, and from late 2024 to early 2025.
In the current situation, Bitcoin is retesting the descending resistance trendline and seems to be pulling away from it. Considering previous patterns, the analyst predicts a potential target zone between $100.000 and $136.000.