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.

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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.

Alexander Stefanov