Key Insights:
- Global M2 growth aligns with Bitcoin’s historical uptrends.
- Wyckoff phase indicates accumulation before breakout to $125K.
- Recent Death Cross may signal another major bull run ahead.
Bitcoin price is trading around $83,000 as analysts monitor technical patterns and macroeconomic signals that point to a possible shift in market direction. Global liquidity is rising, history tends to repeat and technical signals line up on multiple charts.
Global M2 Growth Suggests Bitcoin May Rebound
Recent data showed a correlation between Bitcoin (BTC) and global M2 growth. Global Macro Investor shared a chart revealing how global M2 leads Bitcoin by about 10 weeks. Since late 2024, M2 has surged across global markets.
As M2 increased, BTC entered a prolonged sideways phase. The chart’s “bottoming zone” reflected this behavior. Historically, rising liquidity has fueled rallies in risk assets like cryptocurrencies. If the pattern continues, Bitcoin may enter a new uptrend in Q2 2025.
Wyckoff Re-Accumulation Points Toward $125K Bitcoin Price Target
According to Analyst TedPillows, Bitcoin price current shape is a Wyckoff re-accumulation phase. It consists of several different stages, support, resistance, a “false breakdown” or the “spring” and a breakout.
The drop below $85,000 marked the spring, with support between $80,000 and $85,000, and resistance near $104,000 to $108,000. If Bitcoin breaks above $92,000, it could start a markup phase. TedPillows projected a target of $125,000.
The pattern suggested that recent weakness reflected accumulation rather than a longer bearish trend. This aligned with historical setups where breakouts followed accumulation phases.
Death Cross Trap Reappears, Historical Trends Suggest Bullish Outcome
Analyst MerlijnTrader noted a recent Death Cross—where the 50-day moving average fell below the 200-day average. While traditionally bearish, he said Bitcoin has rallied after past Death Crosses.
In late 2023, Bitcoin Price rose 180% after a Death Cross. Another in mid-2024 preceded a 99% rally. The current setup showed higher lows above $83,000, suggesting the market might be preparing for a breakout, despite bearish signals.
Institutional Accumulation Signals Confidence
Retail traders show caution, institutional buying has intensified. Notably, 96% of BlackRock’s crypto portfolio is in Bitcoin. The asset management giant has purchased $172 million worth of Bitcoin in the last week alone.
With technical signals, historical patterns, and institutional inflows, Bitcoin price outlook for H2 2025 turned bullish. Traders now watched for a break above $92,000 for confirmation. A close above $108,000 could open the door to further gains.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment or other advice. The author or any people mentioned in this article are not responsible for any financial losses that may arise from investing or trading. Please do your own research before making any financial decisions.
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