Bitcoin eyes $126K by June as data sparks bull market comeback

bitcoin-usd/”>BITCOIN TO SOAR TO NEW HEIGHTS BY JUNE? 🚀

Bitcoin was trading near the low end of its historical seasonal range, which was basically a big fat warning sign that it was about to get all fancy and go up, up, and away! 🚀
Bitcoin bulls were defending the crucial weekly MA50 at $75.8K, because they knew that if they let it drop, it would be like letting a cat chase a laser pointer – it would be a complete and utter disaster! 🐈

Now, let’s take a gander at some fancy charts and graphs, shall we? 🔍 Analysis of Bitcoin [BTC] since 2015 showed that it achieved its most affordable price period, which was like the ultimate bargain bin sale! 🛍️

Historical data confirmed that BTC maintained the shortest growth range between 0.80 and 1.00 during January and February, which was like a big ol’ wink from the market saying “Hey, we’re just getting started!” 😉

Bitcoin showed its greatest annual price changes throughout the time span of April through October, because those months were like the magic trick that made all the market value disappear and reappear in a puff of smoke! 🔮

Starting from April, the growth pattern continued to stabilize until October, where it continued its regular upward expansion from 1.40 to increase the price to 1.60, which was like a big fat checkmark in the “Bitcoin is going up” column! 📈

Current data suggests Bitcoin could surpass its previous all-time high by June 2025, which was like the ultimate prize in the game of market roulette! 🎲 Its projected growth may reach 2.00 or higher, with anticipated price levels between 2.20 and 2.60 from late 2024 to early 2025, which was like the market saying “Hey, we’re not just going up, we’re going to the moon!” 🌕

This projection relies on historical trends, where April’s seasonal uptick and October’s momentum often fueled significant gains, which was like the market’s own personal cheat code! 🤖

Beyond June, Bitcoin’s price may remain below 1.20 unless April sees its usual upward trend, the dollar’s weakness stabilizes, or investor interest increases, which was like the market saying “Okay, we’re not done yet, let’s keep going!” 💪

Why a new ATH for BTC is possible before June

This new anticipated ATH of Bitcoin can be backed by the fact that BTC bulls are protecting the essential 50 weekly Moving Average (MA50) by holding out at $75.8K, which was like the ultimate game of market chicken! 🐓

The first support level has historically served as a rebound zone, which was like the market’s own personal trampoline! 🤸‍♀️ For instance, Bitcoin rose from $67K in July 2024 to $83K in December, demonstrating sustained positive market movement, which was like the ultimate victory dance! 💃

Further analysis of the Spent Output Profit Ratio (SOPR) trend signal suggests Bitcoin could maintain extended stability, which was like the market saying “Hey, we’re good, we’re good, let’s just chill for a bit!” 😴 A decrease in SOPR from 1.07 to 1.00 during January 2025 indicates that buyers have halted profit-taking, which was like the ultimate sign of market maturity! 🙏

Historically, when SOPR reached approximately 1.00—such as in mid-2023—the market often experienced price increases, which was like the market’s own personal snowball effect! 🏂 This pattern suggests Bitcoin could potentially reach a new all-time high by June, which was like the ultimate prize in the game of market lotto! 🎁

Additionally, analyst Avocado reported that Funding Rates on Binance held a negative position of -0.02 as of March 2025 as BTC traded around $83.6K, which was like the market’s own personal warning sign saying “Hey, be careful, things are about to get wild!” 🚨

In June 2024, a negative Funding Rate of -0.02 triggered a price increase, pushing Bitcoin from $50K to $70K, which was like the ultimate market magic trick! 🔮 A similar Funding Rate movement could potentially drive BTC’s price above $100K, which was like the ultimate prize in the game of market poker! 🃏

However, if a prolonged negative Funding Rate coincides with a failure of the MA50 support, BTC’s price could drop to $70K, which was like the ultimate market buzzkill! 😴 This scenario could also delay the achievement of a new all-time high, which was like the ultimate market disappointment! 😔

2025-03-17 21:57

Why a new ATH for BTC is possible before June

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