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Home»Bitcoin»Bitcoin Mirrors 2023 & 2024 patterns – How long does it take before BTC touches $ 130k?
Bitcoin

Bitcoin Mirrors 2023 & 2024 patterns – How long does it take before BTC touches $ 130k?

2025-03-04No Comments4 Mins Read
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  • Bitcoin is in his third corrective phase since 2023 and sets the stage for potential lift.
  • An outbreak above $ 100k could activate the next parabolic increase in Bitcoin, aimed at $ 130k in the near future.

Bitcoin’s [BTC] Price promotion has always been a fascinating study for traders and investors, especially when it comes to identifying cyclical patterns.

Since the start of his Bullish Rally at the beginning of 2023, Bitcoin has started his third corrective phase, which resembles the withdrawal during the summers of 2023 and 2024.

These corrections have historically followed a predictable pattern, driven by shifts in important market statistics.

If history repeats itself, Bitcoin can stay in a range between $ 80k and $ 100k for the next 2-3 months. A decisive outbreak above $ 100k could indicate the end of this correction and the beginning of another parabolic increase.

Bullish Cycli Bitcoin

A bullish cycle from Bitcoin follows a recurring pattern: fast expansion phases, followed by consolidations of several months.

These corrective periods, although often seen as falls in the short term, serve as necessary resets, so that markets can absorb profit before continuation.

The current Bullish Trend, which started in early 2023, has already witnessed two extensive correction phases. One took place in the summer of 2023 and another mid -2024.

Both lasted about six months, with a price promotion that consolidated before Bitcoin resumed his upward process.

The meaning of Utxo -age tires and the summer corrections of Bitcoin

UTXO -age bands play a crucial role in understanding Bitcoin’s market behavior by following the age distribution of companies. The bands of 1-3 months and 3-6 months emphasize the activities of recent market participants, which demonstrates both accumulation and spending patterns.

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Historically, when these two tires come together, Bitcoin faces resistance while the market adapts before an outbreak. During corrections from the past, this convergence has marked important turning points.

bitcoinbitcoin

Source: Cryptuquant

In the summers of 2023 and 2024, Bitcoin entered multi-month corrective phases. The 3-6 months Utxo-Band Trend upwards, so that the opening was closed with the band of 1-3 months, which indicates temporary resistance. Long -term holders absorbed the offer, making it difficult for Bitcoin to break above the initial rejection zones.

In both cases, however, these corrections ended with Bitcoin that increased beyond previous highlights. This historical trend suggests that the current corrective phase could lead to a decisive outbreak above $ 100k, which indicates the next part of his bullish rally.

The current correction and path to $ 130k: a well -known pattern?

BTC is currently following A similar process for corrections from the past, in which the 3-6 months Utxo-band rises while the price consolidates.

The current correction can take 2-3 months, with BTC ranging between $ 80k and $ 100k. If history repeats itself, this phase could serve as the basis for the next bullish leg.

By breaking through this barrier, he has historically indicated the beginning of a strong momentum, making it the scene for the next parabolic increase. A persistent close to $ 100k could ignite a rally to $ 130k, according to the pattern of earlier cycles.

As soon as Bitcoin surpasses such important resistance levels, price discovery is a tendency to accelerate. There are little historical data to guide the above earlier highlights.

As can be seen in earlier bull runs, cleaning up this resistance could open the door for fast profits, so that Bitcoin may be pushed to new of all time heights.

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Previous: ETH has been diving up to $ 2k – lowest since November: Is a $ 1900 crash on your hands?

Next: Pi: Can $ 1.51 support hold in the midst of Binance’s entry uncertainty?

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