Bitcoin’s Rocky Week, But a Bullish Pattern Emerges
Bitcoin’s price has been stuck in a bit of a rut lately, thanks in part to the messy situation in the Middle East. Investors don’t love uncertainty, and right now, there’s plenty of it. But if you squint at the charts, there might be something interesting brewing—a classic inverse head and shoulders pattern on the three-day timeframe. If it holds, it could mean a run toward new highs.
That’s what analyst Mister Crypto pointed out earlier today. The pattern, for those who don’t obsess over candlesticks, usually signals a reversal from a downtrend. It’s got three dips—a deeper one (the “head”) sandwiched between two shallower ones (the “shoulders”). If Bitcoin breaks above the so-called neckline, things could get lively. Mister Crypto’s chart even suggests a potential target around $150,000.
Supply Squeeze and Whispers of a Cycle Top
There’s another factor nudging Bitcoin in a positive direction: exchanges are running low. Master of Crypto noted that balances on trading platforms are about to dip below two million BTC—a level not seen since 2017. When coins leave exchanges, it usually means people are holding, not flipping. Less supply up for grabs often leads to higher prices, assuming demand doesn’t vanish.
Then there’s the power law cycle theory. Analyst apsk32 brought it up, pointing out that Bitcoin has followed this pattern eerily well for over a decade. If history repeats, the next peak might land sometime in late 2025. That’s a big “if,” of course, but it’s hard to ignore the consistency.
Kiyosaki’s Take: It’s About How Much You Own
Robert Kiyosaki, of *Rich Dad Poor Dad* fame, chimed in with a different angle. He’s less fixated on short-term price swings and more on accumulation. In a recent thread, he argued that the number of Bitcoin you hold matters more than its current dollar value. His long-term bet? $1 million per BTC by 2030.
That sounds wild, but he’s not alone in thinking big. CryptoQuant’s Carmelo Aleman sees a possible $205,000 peak by 2025. Again, predictions are just that—predictions. But between the technical patterns, shrinking exchange supply, and the usual post-halving buzz, there’s enough here to keep optimists hopeful.
Right now, Bitcoin’s hovering around $104,000, barely moving in the past day. Not exactly thrilling, but these quiet stretches often come before the storm. Or maybe not. Markets have a way of humbling everyone eventually.
*Charts from X and TradingView, image via Unsplash.*
