Bitcoin has shown another bullish pattern, and it is expected to break through the next historical high target of $137,000.

Affected by the escalating tensions in the political arena, the price of Bitcoin has experienced a period of turbulence. Despite the potential intensification of fear, uncertainty, and doubt (FUD), the price of Bitcoin has remained firmly in the $105,000 price range, showcasing the strength and resilience of this pioneering crypto asset. Currently, as Bitcoin once again presents a bullish pattern, we are setting our sights on higher targets, with a target set at $137,000.

Bitcoin has shown another bullish pattern.

As we approach the second half of 2025, the volatility of cryptocurrency prices is increasing, particularly raising concerns about the arrival of altcoin season. Unlike previous bull market cycles, the peak pattern of altcoin season has not appeared in this bull market cycle, indicating that the altcoin season has been delayed. This unusual change is likely due to Bitcoin (BTC) setting a new historical high before the halving event.

Subsequently, Bitcoin set a series of new highs in the last quarter of 2024 and achieved its first six-figure historical high in the first month of 2025. After that, Bitcoin experienced a prolonged correction period, which improved the state of the cryptocurrency market, building a healthier market and ushering in a bullish altcoin season in the coming months. However, analysts are still convinced that the altcoin season will only arrive when the price of ETH starts to rise.

Currently, both BTC and ETH are showing strong strength and resilience, leading analysts to believe that these two pioneering assets may be on the verge of a bull market. In fact, the bullish price chart indicators even suggest that these two assets are about to set new highs. As we see from the article above, a well-known cryptocurrency analyst further observed a specific bullish indicator that could drive BTC's price higher.

Unfortunately, due to the escalating political tensions between Iran and Israel, trading still needs to be cautious to prevent deep washouts.