Bitcoin (BTC) is trading below its all-time high and, at first glance, there are no signs of an upcoming rebound.
However, analyst Olivia Hayes from the TradingView community identifies signals that reinforce investor confidence and anticipate a significant movement on the horizon.
Bitcoin is repeating a historical bullish pattern.
As it exits this accumulation zone, the digital currency could easily rise above $125,000, the analyst shows.
The crypto asset —Hayes points out— maintains a clear bullish momentum. Each low in price is higher than the previous one, evidence that sellers are unable to impose themselves.
The zone of $117,800–$118,000 has been tested repeatedly and remains solid, reflecting sustained control by demand. This support acts as a foundation that buyers defend firmly, the specialist highlights.
As seen in the following chart, the long-term trend is clearly bullish, as indicated by the large blue arrows pointing upwards. The shaded areas in red represent consolidation or accumulation zones where the price moves sideways before continuing its ascent. As can be seen, bitcoin has already repeated this accumulation pattern several times in its recent history, only to then break upwards.
