Bitcoin’s Next Bullish Surge Could Follow Historic Pattern, Predicts CryptoQuant

Bitcoin's recent price decline has prompted analysts to revisit market patterns, with CryptoQuant suggesting that the current correction follows a historical trend.

The analytics firm points out that Bitcoin appears to be undergoing its third correction in a larger bullish cycle that began in early 2023. This assessment is based on the UTXO Age Bands, which track the distribution of Bitcoin holdings over time, particularly focusing on the 1-3 months and 3-6 months bands.

Similar corrective periods were observed in the summers of 2023 and 2024, each lasting about six months.

During these phases, the 3-6 month band showed an upward trend, narrowing the gap with the 1-3 month band. Historically, this zone has acted as a resistance point that Bitcoin initially struggled to surpass before breaking through, sparking renewed upward momentum.

CryptoQuant suggests that if this pattern continues, Bitcoin’s correction could extend for another two to three months, fluctuating between $80,000 and $100,000. However, if the price breaks decisively above $100,000, it could mark the end of the current correction and usher in the next bullish phase, with potential targets reaching up to $130,000.

Traders are urged to keep an eye on the structural dynamics of these price bands, as a confirmed breakout above resistance could signal the beginning of Bitcoin’s next parabolic rise.