Over the past day or two, the price of Bitcoin has continued to show signs of strength, rallying as high as $6,800 on Tuesday afternoon (TradingView data) as global markets begin to show signs of recovery after weeks of downward price action.
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As it stands, the price of the leading cryptocurrency sits at $6,600, up 73% from the $3,800 bottom and up over 20% in the past five days in and of themselves. While many have said that this is just a short-term rally before an eventual return to the $5,000s, where Bitcoin is likely to accumulate, there is a key textbook bottoming pattern that BTC is following, indicating that the rally is not done yet.
Bitcoin Continues to Trace Key Bottoming Pattern
Earlier this week, NewsBTC reported that Bitcoin has been following a textbook bottoming pattern — the bump-and-run-reversal bottom (BARR bottom) that can be found in Thomas Bulkowski’s Encyclopedia of Chart Patterns.
This pattern is marked by a number of price trends: 1) a downtrend that leads into a massive, vertical sell-off; 2) a bottoming pattern that sees prices consolidate for as long as the aforementioned downtrend; 3) a rally past the downtrend line formed in 1); and 4) a throwback to the trendline before a surge higher that leaves the bottom far behind.
Interestingly, the pattern has held up days later, with a cryptocurrency trader recently sharing Bitcoin’s price chart below, showing that it is currently entering the fourth phase of the BARR bottom, which should be followed by a surge past the phase one highs around $9,000 in the coming week or two, meaning the whole capitulation could be shortly reversed.
This pattern is especially notable as it is the one that marked the bottom in the previous bear market, the one that transpired over 2018 and early-2019; indeed, if you were to pull up a chart from November 2018 to the high in June 2019, you would find that the price action matches the textbook schematic almost perfectly, with all phases included.
Of course, there is no guarantee Bitcoin’s price action will follow this textbook pattern to a T yet again. But you know what they say: “History doesn’t repeat itself, but it often rhymes.”
Not Only Strong Sign
This isn’t the only strong sign for the cryptocurrency.
In terms of fundamentals, White House economic advisor Larry Kudlow believes that the United States Government’s stimulus package will “come to roughly $6 trillion.”
Here's some perspective on the astronomical number that is $6 trillion.
$6 trillion is the same as
– 1/3 of America's GDP– 130% of the Federal Reserve's balance sheet– Enough money for $850 for each human being on Earth– or 900 million Bitcoin
Crazy.
— Nick Chong (@_Nick_Chong) March 24, 2020
Although none of this stimulus will go directly towards Bitcoin, analysts believe that this money will only dramatically boost the value proposition of Bitcoin and other cryptocurrencies.
Preston Pysh, a prominent market analyst and podcaster, recently commented on the importance of the stimulus to Bitcoin in a podcast with Anthony Pompliano, a partner at Morgan Creek Digital.
On the checks that will soon be spent to American households, Pysh remarked that there are many millennials (and presumably those in other demographics) that are ready to allocate a fair portion of these checks towards Bitcoin because they see the value in this technology and in a sound, digital money in a digital world where scarcity has fittingly become fleeting.
Featured Image from Shutterstock origin »
Key Takeaways
Bitcoin’s price rally shows strength from whale outflows and valuation gains, but weakening user activity and long-term selling stir concerns about its sustainability.
BitcoiThe post Bitcoin’s invisible resistance isn’t price: It’s THIS on-chain imbalance appeared first on AMBCrypto.
Bitcoin whale inflows surge by $17B in four days, nearing levels seen before past market tops as BTC tests resistance around $120K amid strong price momentum.
BTC price action shows Bitcoin might be on the verge of another drop below the $100,000 mark. On the daily chart, Bitcoin is moving inside a descending broadening wedge pattern. This means the price is trading between two downward-sloping trendlines that are gradually getting wider apart.
Bitcoin price is pushing past $107K and setting the stage for what could be a historic final leg to 2025. As tensions cool in the Middle East and global markets regain momentum, crypto is once again commanding headlines.
Bitcoin (BTC) price hit $99,000 over the weekend, catching most traders unawares. The drop saw the price fall as global tensions rose following U. S. airstrikes against Iranian nuclear sites. With the crypto market panicking with fear, most of the investors questioned whether this was the ‘beginning of the end’ for a bigger correction.
Bitcoin's price and value have surged significantly throughout the cycle
Miners have failed to keep pace with the aforementioned surge though
Over the past year, Bitcoin's [BTC] price perforThe post Bitcoin's price, miners, and THIS volatility indicator - All the details! appeared first on AMBCrypto.
Bitcoin price momentum has stalled, with geopolitical tensions affecting hedging activity
Will BTC hold on to the $100k-$110k price range?
Bitcoin's [BTC] price has shown remarkable resilienThe post Bitcoin price prediction - Will $100K hold on despite risk-off sentiment? appeared first on AMBCrypto.
Bitcoin price is hanging just under $105,000 after a strong multi-month rally, but some well-known traders are starting to sound the alarm. According to Crypto Seth and CryptoPatel, the charts are flashing signs that a correction might be around the corner.
Bitcoin analysis based on macro indicators shows the asset remains on track for another all-time high.
Technical analysis of the price trend highlights criteria for a potential upswing.
BitcThe post Bitcoin's long-term price target - $466K after next halving? appeared first on AMBCrypto.
Bitcoin price has recovered from its sell-off to trade above $107,000. The Bitcoin price was up nearly 2% in 24 hours on June 16, 2025, despite Middle East tensions. Analysts say BTC has shown resilience since it touched lows of $102,800 on June 11.
The Bitcoin price has been holding firm above the $100K level in recent days, while Ethereum stagnates following a major trend shift in May. From technical indicators to the favourable economic factors, top institutional traders are calling for the Bitcoin price to soar as high as $150,000.
Bitcoin’s recent pullback has sparked debate: is the bullish trend still intact, or is a deeper correction on the horizon? With price currently trading above a key channel low and the 200-day moving average, this zone may represent the foundation…
Bitcoin (BTC) shows mixed signals as whales return amid bearish technicals. Price hovers near support, with downside risk still elevated.
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The Bitcoin price is gaining momentum again, and this time, it looks like bulls are firmly in control. The market is buzzing with fresh optimism as analysts on X have pointed to chart patterns showing strong breakout signals.
According to CryptoCon, Bitcoin is setting up for what he calls a “mega expansion” phase, one that could lead to faster and more dramatic price increases heading into the end of 2025. After carefully mapping out BTC price action throughout Cycle 4, CryptoCon suggests that most of this cycle has been about slow, sideways movement, […]
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ARK Invest, led by Cathie Wood, has raised its long-term Bitcoin price forecast, predicting the asset could reach up to $2.4 million by 2030. In its Apr. 24 report, ARK outlines three potential scenarios for Bitcoin’s (BTC) price by the…
You hear it everywhere - ChatGPT-5 is on the horizon, OpenAI’s next big brain. At the same time, Bitcoin traders are glued to charts, desperately seeking that next rocket fuel for BTC’s price. It The post When is ChatGPT 5 coming out and what will be its effect on Bitcoin's price? appeared first on AMBCrypto.
Bitcoin has captured headlines once again with its notorious price volatility, leaving traders uncertain about its next move. Recent fluctuations saw the leading cryptocurrency plunge from pivotal resistance levels, fueling debates about whether Bitcoin can sustain its dominance amidst shifting market dynamics.
Bitcoin’s price action in the past 48 hours has seen it approaching the $80,000 price level again, with risks of breaking to the downside. Looking at on-chain data shows a notable support level between $80,920 and $78,000 that must not be broken.
Crypto YouTuber Lee the Captain, who has a strong following of over 49,000, just dropped his 2025 Bitcoin price predictions. He’s looking at three potential targets: $200K, $250K, and $300K, and shared his reasons behind each number Lee the Captain kicked things off by saying Bitcoin could hit $200,000.
Bitcoin has wiped out recent gains with a 10% dump in the past 24 hours; the same as Ethereum price. This happens as the US began its tariffs program against Canada and Mexico, with the investor reaction to the trade war telling as risk assets plummeted.
Bitcoin’s price is going up, getting closer to the $90,000 mark and trading around $85,000 now. It started gaining steam after dropping to $78,000 over the past week, which has made people in the market more hopeful.
Bitcoin’s price dropped to $86,000 on Feb. 27 after struggling to maintain support at $88,000 for the past two days. The sudden price drop caused a swift and aggressive reaction across the market, with everyone from institutions to derivatives traders suffering losses.
Bitcoin is facing significant downward pressure with its price falling below $90,000 for the first time since November 2024, as whale addresses decline and technical indicators signal bearish momentum.
Bitcoin’s price remains in a consolidation phase, with technical indicators showing indecision. Traders watch key levels to gauge the next move.
The post Bitcoin (BTC) Price Consolidates Below $100,000 as Whales Await Clear Direction appeared first on BeInCrypto.
Bitcoin’s price remained in a tight range on Monday, continuing a trend that has persisted since November. Bitcoin (BTC) was trading at $96,500, where it has hovered for the past few days. The price is about 12% below its highest…
The crypto market has been experiencing significant volatility, with the Bitcoin price leading the charge. Over the past month, BTC has been trading sideways, recording declines that have pushed its value below the $100,000 mark.
The latest Consumer Price Index data is creating both opportunities and risks for Bitcoin investors. January 2025’s inflation figures have exceeded expectations, potentially setting the stage for significant Bitcoin price movements in either direction.
The Bitcoin price appears to have settled within the $92,000 – $102,000 consolidation range, sparking discussions about the coin’s future trajectory. While it remains unclear whether the premier cryptocurrency has enough momentum to forge new all-time highs soon, it would take significant bearish pressure to pull down the BTC price.
The price of Bitcoin (BTC) suffered a significant loss on Friday as prices dipped below $102,000 marking the end of a rather turbulent trading week. As the global financial markets weathered major losses, Bitcoin made no new price discovery, casting more speculations over the bull market.
Bitcoin price prediction witnessed a sharp price drop following bearish expectations in the U.S. equities market.
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Although Bitcoin price action is still holding above the $100,000 price level, the past 24 hours have been highlighted by a 2. 5% decline. According to liquidation data from Coinglass, this decline has seen $65.
Bitcoin (BTC), the flagship crypto asset, presently trades above $104,000 following a significant 10. 98% price rally in the last week. Despite recent sideways movements after a rejection in the $105,700 zone, certain trading indicators signal this uptrend is likely to continue leading to new price discovery.
Bitcoin price resumed its bullish trend and neared its all-time high of $108,200 ahead of Donald Trump’s inauguration and after the encouraging U.S. inflation data.
The Bitcoin price has spent the majority of the past seven days consolidating around the $94,000 mark with signs of a break to either side. According to a crypto analyst, Bitcoin’s recent price movements have led to the creation of liquidity blocks observed between the $86,000 to $104,000 range, which raises an equal likelihood of a bounce towards $104,000 or a downside break to $86,000 from the current price.
Bitcoin (BTC) is showing bullish signs in the short-term which could lead to a breakout from the current descending wedge pattern.
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Bitcoin (BTC) has possibly begun a bullish reversal with an impressive increase on Friday. The shape of the ongoing increase will be crucial in confirming this possibility.
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Bitcoin (BTC) is showing bullish reversal signs in the weekly timeframe but is still trading inside a corrective short-term pattern.
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After eight successive bearish candlesticks since June 7, Bitcoin (BTC) created a bullish candlestick with a long lower wick on June 15.
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