Bitcoin’s Price: Will It Soar to $130K or Just Flap in the Wind? 🤔💸

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Key takeaways:

  • Ah, Bitcoin’s OBV is rising like a loaf of bread in a warm oven, despite the price being as stagnant as a sleepy cat on a sunny windowsill, signaling hidden accumulation.

  • Remember that OBV divergence back in March–April? It was like a prelude to a grand opera, leading to a 57% BTC price rally. Bravo! 🎭

  • If the stars align and a bull flag breakout occurs, we might just see Bitcoin strutting its stuff toward $130,000-135,000 by Q3 2025. How delightful! 🌟

Bitcoin (BTC) has been lounging in a cozy range between $102,000 and $112,000 since May, but its on-balance volume (OBV) is trending upward like a determined squirrel gathering nuts, hinting at more gains ahead.

Rising OBV hints at Bitcoin accumulation

The price-OBV divergence is signaling a growing “buying pressure,” according to the ever-optimistic market analyst Cas Abbé, who believes that this rising OBV will help send BTC’s price toward the $130,000–$135,000 area by Q3 2025. Fingers crossed! 🤞

The OBV indicator is like a wise old owl, tracking volume to determine whether buyers or sellers are in control. It adds volume on days when the price closes higher and subtracts it on down days. So, a rising OBV means that total buying volume outpaces selling volume. Simple, right? 🦉

In Bitcoin’s case, the OBV has continued to make higher highs since early May, even as the price has largely consolidated sideways, like a cat refusing to move from its favorite spot. From a technical perspective, such a divergence suggests that demand is building under the surface, much like a pot of water slowly coming to a boil.

Previous OBV divergence led to 57% BTC price gains

Historical price action shows that Bitcoin tends to break out strongly when rising OBV confirms underlying buying pressure during periods of price consolidation. It’s like waiting for the right moment to pop the champagne! 🍾

Between March and April 2025, BTC was trading sideways between $76,000 and $84,000, when OBV started forming higher lows. The divergence was followed by a 57% rally, with BTC hitting over $110,000 by May. Quite the spectacle, wouldn’t you say? 🎉

The fractal could validate analyst Cas Abbé’s view that a move toward $130,000–$135,000 may occur in Q3 2025 if it plays out as intended. Fingers crossed again!

Bull flag supports $130,000 BTC price scenario

Bitcoin appears to be forming a classic bull flag pattern, a continuation setup that typically appears after strong upward moves, followed by a period of consolidation. It’s like a dramatic pause before the grand finale! 🎇

On the daily chart, BTC’s surge to nearly $112,000 in May from around $93,670 established the “flagpole.” Since then, price has been consolidating downward inside a parallel channel, forming the “flag.”

This structure suggests that BTC may be gearing up for another leg higher. That would place Bitcoin’s breakout target around $130,000, aligning closely with Cas Abbé’s forecast for Q3 2025. How thrilling! 🎢

The bull flag target aligns with the predictions of several market analysts, including Galaxy Digital founder Mike Novogratz, who sees Bitcoin hitting $130,000-150,000 owing to strong institutional flows and a weaker dollar. It’s like a financial buffet! 🍽️

Analyst Stockmoney Lizards, among other analysts, anticipate the Bitcoin price to rise even higher, eyeing a year-end target of $200,000. Now that’s what I call a party! 🎊

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2025-06-19 17:53