Bitcoin flashes 2024-like accumulation pattern – Analysts say $100K breakout could be next

By: ambcrypto|2025/05/03 06:15:01
0
Share
copy
BTC formed an interesting accumulation pattern seen before 2024 rallies. Long-term holders scooped 150K BTC in April, while U.S. dollar liquidity recovered. Bitcoin [BTC] has flirted with the $97K level for the first time since February, bringing it only 3.5% away from the $100K mark. Interestingly, more on-chain metrics suggested that $100K was within reach. In particular, CryptoQuant highlighted that the short-term holders’ (1 day to 1 week) accumulation trend in Q2 2025 mirrored patterns that triggered price rallies in early and late 2024. Source: CryptoQuant The chart showed that whenever short-term holder accumulation made a higher high, it was followed by a BTC price surge in Q1 and Q4 2024. Per CryptoQuant, “If this trend continues in the short term, Bitcoin may be on track to break above $100K and enter a strong upward phase.” Bitcoin’s bullish cues Bitcoin mining system provider, Blockware, shared a similar bullish outlook. The firm noted that long-term holder supply was rising. This meant the major selling pressure from profitable long-term holders (held BTC for over 6 months) was easing. In fact, BTC analyst Robert Breedlove said , “Over the past 30 days long-term holders have acquired ~150,000 more BTC. Bitcoin is running out of sellers in the $80k to $100k range.” Source: Blockware But perhaps the most crucial demand factor was the rebound in U.S. dollar liquidity. The Blockware chart showed a positive correlation between BTC and U.S. liquidity. For example, the massive spike in U.S. dollar liquidity in 2020-2021 led to the massive BTC rally to $69K from $3.5K. Source: Blockware The liquidity contracted in late 2024 and early 2025, but appeared to rebound in Q2 2025. If the liquidity trend continues, it could increase BTC bids and fuel further upward momentum. On the price chart, the 4-hour Super Trend indicator was in ‘buy’ mode at the time of writing. Besides, price action was above key moving averages, suggesting that bulls had the market edge. Source: BTC/USDT, TradingView Taken together, on-chain and technical indicators leaned on the bulls’ side, and an extra rally to $100K could be likely in the short term. Share Share Tweet

You may also like

WEEX P2P now supports BDT & LKR—Merchant Recruitment Now Open

To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Bangladeshi Taka (BDT) and Sri Lankan Rupee (LKR) are now available on WEEX P2P!

Morning News | SK Hynix officially launches the marketing promotion process for its U.S. stock listing; the Central Cyberspace Administration announces the results of the first phase of rectifying AI application chaos, with over 14,000 non-compliant pr...

July 6 Market Important Events Overview

Can Open USD support Stripe's ambitions?

Stripe collaborates with multiple parties to launch OUSD, not only challenging the dominance of USDC but also exposing its trillion-dollar ambition to transition from a "payment interface" to a "next-generation funds settlement network."

Blockchain Capital Partner: AI is rewriting the fundamental unit of labor

The rise of AI is rewriting the basic unit of labor from "positions" and "companies" to "tasks." When programmable labor meets programmable currency, a production line without companies, salary systems, or HR becomes possible for the first time.

The cryptocurrency industry has become a traditional industry

For entrepreneurs and retail investors still in this industry, they should either embrace the current changes or explore the next unpredictable field in cryptocurrency.

Chip frenzy cooling down? Morgan Stanley's Wilson: Funds are shifting towards AI supercomputing giants like Microsoft and Amazon

Morgan Stanley's chief equity strategist Wilson pointed out that the momentum in the semiconductor sector is waning, with the Philadelphia Semiconductor Index having dropped nearly 14% from its peak. Funds are shifting towards AI supercomputing giants like Microsoft, Amazon, and Meta, as well as sec...

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com