Bitcoin (BTC) price reached $105,000 (USD) last Monday, making its highest point in over two months to the left and right at a low range. It is maintained from USD 104,000 and USD 100,000.
This could be creating fear among people who are expected to exceed the previous up to USD 109,000 registered in January. But for now There’s no solid reason to think that the upward cycle of Bitcoin is over.
A signal supporting this perspective is a price behavior that represents the average cost of purchasing Bitcoin by market participants. It is calculated by splitting the total amount of BTC in circulation according to the price they last moved, for the capital letters made, i.e. the total number of currencies.
Bitcoin’s prices have risen after he showed a break during price adjustments he experienced from historic biggest up to a month before he began to recover. This shows that More and more participants are buying Bitcoin at a higher pricereflects the flow of the capital entrance.
“The continued rise in prices is evidence that Bitcoin remains on an upward trend within the current cycle,” said a South Korean analyst known as Crypto Dan. In particular, this emphasizes the active role of companies that have acquired BTC spots such as strategies, as well as through equipment such as ETFs that drive upwards average purchase estimates.
Another on-chain indicator that reflects market optimism is a metric called «Taker Buy/Sales Rate«This measures the advantage of purchases and sales orders launched in the futures market. This indicator shows bullishness and bassist with values greater than 1 when under such numbers.
the current, Taker Buy/Sales Rate This is at 1.02, a historically relevant level that has been anticipated to be a significant increase in the past. The same was observed at the end of the 2022 Crypto Winter between USD 15,000 and USD 20,000, and during the USD 30,000 rupture in October 2023.
This point of metrics has historically revealed a strong flow of purchase orders. They preceded a significant ascending movement at Bitcoin prices. This pattern is currently being repeated, with BTC prices approaching its historical maximum value, and indicators leaving long sales pressures as seen in the following graph.
“We are faced with a scenario where buyers’ appetites can continue to direct BTC towards new maximums,” said a Brazilian analyst and trader known as GAAH.
But he revealed it This same level can match reversion zones and strong volatilitymarks both the beginning and end of bullish trends. So consider continuing to observe how the market can help.
“Bitcoin opened the door and climbed to 176,000 US dollars.”
“Bitcoin opened its doors to rush to historic maximums,” according to analyst Joe Albano, director of the Tech Cache Investment Group. This is based on Elliott’s theory of waves and Fibonacci-level analysis.
Elliott’s Wave Theory is a technical analysis tool that states that when the market moves in a cycle consisting of five impulsive waves (three ups suspended) it consists of three corrections (one down between two downs). This also points out that within each of these movements the same wave dynamics are given on a smaller scale.
According to Albano, the revision from the historic maximum of BTC to US$76,000 a month ago represents the beginning of the fifth largest scale wave, with the fourth wave of alsista cycles that Bitcoin has and the formation of five impulsive microwaves.
This fifth wave, it That is the final part of Bitcoin’s current al-Systacycle. “He sends us to the bear market the following year, or twice, or maybe even before things settle down and the idea of another upward market becomes more pervasive,” the analyst says.
Based on this, he expects to halt three microwaves that can raise Bitcoin to around 88,000, according to Fibonacci levels, which measure a typical percentage of set folds and increases.
“The real trigger to take a long position is followed by the inconsistency of this movement, followed by five impulsive waves that can raise the price of BTC to around 160,000,” says Albano. Then there is a fourth correction wave A fifth final impulse wave will occur, closing the upward market at up to 176,000 USD,Estimated values according to Fibonacci levels, as shown in the following graph.
“Bitcoin is an important actor with great potential for rebounding over the coming months,” the specialist concludes.
Of course, Elliott’s wave analysis and Fibonacci levels do not guarantee that the predicted scenario is met. Furthermore, it is not an automatic calculation, but an analyst’s interpretation of using these tools, so it may vary depending on who performs it.
Institutional accumulation of Bitcoin increases
In the midst of this technical context, Bitcoin’s institutional adoption continues to grow. Some companies incorporate BTC into their reservations as a strategic asset.
The strategy previously called MicroStrategy continues to lead this trend, a company that cited this trend as more Bitcoin worldwide, but as Cryptoics reported, other companies follow the example.
This week, Twenty One Capital Investment Company announced the purchase of 4,812 BTC, increasing its balance to a total of 6,796 BTC, gradually approaching its goal of reaching 10,000 BTC before ending 2025.
The smarter web company cited in the UK also notified the Treasury that he added 8.61 BTC. This was his third purchase in just 15 days, reinforcing his commitment to accumulating assets in his assets for 10 years. At this point, there is a total of 19.20 BTC.
Small purchases of large bitcoin that will strengthen expectations that companies may continue to rise in pricesBitcoin has a fixed supply, so it is due to supply and demand issues. Currency emissions, which are cut by half every four years by Harving, end when supply reaches 21 million units.
US inflation
The macroeconomic scenario also provides a positive signal for Bitcoin. That was known this week US inflation has fallen for the third consecutive monthreaching 2.3% per year (see below), promoting optimism in financial markets.
This improvement It comes in parallel with the reduction in tensions caused by the tariff war on imports that President Donald Trump has been unleashed.. The suspension of these measures helped last month’s actions and cryptocurrency win impulses, thanks to advances in international negotiations and the first signed agreement.
This could add expectations for annual US interest rate cuts and improve the liquidity available to enter the market.
In this scenario, a combination of on-chain signals, technical indicators, cycle analysis, and growing institutional accumulation They strengthen the market hypothesis that is in the upward phase of Bitcoin. However, it is always important to consider the risks, as changes in the dynamics and macroeconomic environment can halt impulses.