TLDR

Bitcoin is down 22% from its all-time high of $109,000 reached in January 2025
Analysts view the current correction as a temporary “shakeout” rather than the end of Bitcoin’s bull cycle
Strategy (formerly MicroStrategy) has purchased another 130 BTC, bringing holdings to nearly 500,000 BTC
Technical analysis reveals a cup-and-handle pattern with a price target above $130,000
On-chain data shows strong holder resilience and continued accumulation

Bitcoin has experienced a significant correction from its all-time high, but analysts remain optimistic about its future price trajectory.

The world’s leading cryptocurrency is currently trading around $83,500, representing a 22% drop from its record high of over $109,000 reached in January 2025 during President Trump’s inauguration.

Despite this pullback, market experts believe this is merely a temporary “shakeout” rather than the end of Bitcoin’s bullish cycle. A shakeout occurs when there’s a sudden price drop caused by multiple investors exiting their positions, followed by a price recovery.

Bitcoin’s price action has been trapped in a tight range between $82,000 and $84,000 in recent days. The general market sentiment has become cautious, with investor sentiment dropping into “Extreme Fear” multiple times.

Bitcoin
BTC Price

Technical analysts have identified a multi-year cup-and-handle pattern forming in Bitcoin’s price chart. This pattern shows a rounded bottom phase stretching from 2021 to mid-2024, followed by a handle formation in the latter half of 2024.

The recent correction has brought Bitcoin back to the neckline of this cup-and-handle formation. This neckline is expected to serve as support for the price before a potential rebound occurs.

Elliott Wave analysis suggests Bitcoin is currently in a larger fifth impulse wave formation. According to this technical framework, Bitcoin is positioned to bounce from current support levels and continue forming its fifth impulse wave.

Price projections based on Elliott Wave analysis and the cup-and-handle pattern point to a price target above $130,000, with some analysts specifically mentioning $139,000 as a target.

More bullish analysts are even predicting Bitcoin could reach $600,000 in the current cycle.

The next Bull Run starts on March 20 🚀$BTC has hit its local bottom, and the next target is $600,000.

Every $100 will turn into $25,000 if you buy the RIGHT lowcaps.

Here’s a list of the best altcoins with massive upside potential 👇🧵 pic.twitter.com/j1t98qtHdR

— 0xNobler (@CryptoNobler) March 16, 2025

Onchain Resilience

On-chain data shows resilience among Bitcoin holders despite the recent downtrend. There’s a rise in 3-6 month UTXOs (Unspent Transaction Outputs), which signals strong accumulation and confidence in future price growth.

CryptoQuant analysts highlight that this trend demonstrates “hodling behavior,” where investors refrain from selling their Bitcoin despite the market correction. Historically, this resilience has played a crucial role in forming market bottoms and igniting new uptrends.

Strategy, formerly known as MicroStrategy, continues to demonstrate strong belief in Bitcoin’s long-term value proposition. The company recently acquired an additional 130 BTC for $10.7 million at an average price of $82,981 per Bitcoin.

This latest purchase brings Strategy’s total holdings to 499,226 BTC, worth approximately $33.1 billion. The company has an average buy price of $66,360 per Bitcoin, showing a long-term investment perspective despite short-term price fluctuations.

Bitfinex analysts note that Bitcoin’s correlation with traditional financial markets means BTC may only find a bottom along with equity markets, particularly the S&P 500. They identify $72,000-$73,000 as a key support range for Bitcoin.

The broader market narrative, especially global treasury yields and equity trends, will likely dictate Bitcoin’s next major move. Trade wars have already been partially priced in, but prolonged economic strain could weigh on market sentiment.

CoinCodex’s algorithm offers a more conservative price prediction compared to some analysts. It forecasts Bitcoin to break $100,000 within one month and potentially surpass $175,000 by the end of 2025.

This more measured approach factors in market cycles, institutional demand, and macroeconomic trends. While Bitcoin’s long-term potential remains strong, a gradual price increase might be more realistic than an immediate parabolic surge.

Growing institutional and geopolitical adoption could further fuel Bitcoin’s next rally. Reports suggest Russia has been secretly accumulating Bitcoin, while institutional interest continues to grow through various investment vehicles.

Despite fears of a disrupted bull market, Bitcoin’s four-year cycle and the recent halving event remain crucial factors for price action. The 2024 Bitcoin halving, which reduced the block reward to 3.125 BTC, occurred on April 20, 2024.

The post Bitcoin (BTC) Price Prediction & Analysis: Is $130,000K Coming After This Dip? appeared first on CoinCentral.

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Filed under: News - @ March 18, 2025 10:29 am