According to Cointelegraph, Bitcoin (BTC) has been trading within a narrow range of $102,000 to $112,000 since May, yet its on-balance volume (OBV) is showing an upward trend, suggesting potential gains in the near future. The OBV indicator, which tracks volume to assess whether buyers or sellers are dominant, has been rising, indicating that buying pressure is increasing. Market analyst Cas Abbé predicts that this rising OBV could propel Bitcoin's price to the $130,000–$135,000 range by the third quarter of 2025.
The OBV divergence is a sign of hidden accumulation, as it continues to make higher highs despite Bitcoin's price consolidation. Historically, Bitcoin has experienced significant price rallies when a rising OBV confirms underlying buying pressure during periods of price stagnation. For instance, between March and April 2025, Bitcoin was trading sideways between $76,000 and $84,000, while the OBV formed higher lows. This divergence preceded a 57% price rally, with Bitcoin reaching over $110,000 by May. This pattern supports Cas Abbé's forecast that Bitcoin could reach $130,000–$135,000 in Q3 2025 if similar conditions persist.
Bitcoin is also forming a classic bull flag pattern, which typically indicates a continuation of upward movement following a period of consolidation. The bull flag pattern emerged after Bitcoin surged to nearly $112,000 in May from around $93,670, establishing the "flagpole." Since then, the price has been consolidating within a parallel channel, forming the "flag." This technical structure suggests that Bitcoin may be preparing for another upward move, potentially reaching the $130,000 target, in line with Cas Abbé's predictions for Q3 2025.
The bull flag target aligns with the expectations of several market analysts, including Galaxy Digital founder Mike Novogratz, who anticipates Bitcoin reaching $130,000-150,000 due to strong institutional flows and a weaker dollar. Analyst Stockmoney Lizards and others foresee Bitcoin's price rising even higher, with a year-end target of $200,000. However, it is important to note that this article does not provide investment advice or recommendations. Every investment and trading decision carries risk, and readers are encouraged to conduct their own research before making any decisions.
