📈 Will $BTC return to the top in 2025? Technical and Historical Analysis
Despite the recent volatility and the price drop to $109,636, Glassnode data indicates that Bitcoin is still in a bullish cycle similar to what happened in 2017 and 2021.
📊 The current technical pattern reflects the likelihood of surpassing $124,457 in the coming months if the historical scenario repeats.
🔍 Key Indicators:
- The ascending wedge pattern and Elliott waves support the price explosion scenario
- Strong support between 107K – 110K, and breaking it could open the door for a correction towards 97K
- Critical resistance between 122K – 125K, and breaking it could push the price to 130K
- 69% increase in trading volume against a decrease in market cap = clear speculative selling activity
🧠 What does this mean for the investor?
- The market is in a critical accumulation phase, and the long-term trend remains bullish
- Current corrections may be smart entry opportunities before the breakout
- Large investors continue to buy despite the volatility, which boosts confidence in the long run
📌 Follow channel #CryptoEmad to get real-time analyses and trading plans before any major movement
💬 Do you expect Bitcoin to break 130K before the end of 2025? Share your opinion with me!
