The post Bitcoin set to kick-start the new 2025 bullish leg, eyes $125,000 per BTC appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) and the broader cryptocurrency market have been caught in sharp swings following the release of hotter-than-expected economic data, which reignited inflation fears and triggered widespread corrections. Despite the volatility, Bitcoin appears to be following a familiar historical cycle that could signal the start of a new bullish leg, potentially driving its price toward $125,000 in the coming months. Bitcoin mirrors past cycles, signaling a breakout Notably, an analysis by TradingShot highlights striking similarities between Bitcoin’s current consolidation and past cycle movements.  Bitcoin price analysis chart. Source: TradingShot /TradingView The cryptocurrency has been trading sideways since hitting a double all-time high (ATH) in December 2024 and January 2025, a familiar pattern to the December 2023 to January 2024 consolidation that preceded a strong rally. The analyst noted that Bitcoin’s January 2025 low was priced on a higher highs trendline that originated from the November 2021 and April 2021 cycle tops.  A similar trendline held Bitcoin’s January 2024 low, which subsequently triggered a strong rally in February and March 2024. Assuming the current low holds, BTC should kick-start its 2025 bullish leg at any moment, with the price trajectory aiming for the higher highs trendline of the current bull cycle.  If momentum builds as early as this week, analysts see BTC on track to reach at least $125,000. Bearish pressures: ETF outflows and retail capitulation While historical price patterns indicate a bullish setup, ETF outflows and declining retail participation remain key bearish factors. On February 12, Bitcoin ETFs saw over $251 million in net outflows, marking the third consecutive day of negative flows and bringing the total to $494 million, according to Farside Investors data. Meanwhile, on-chain metrics suggest growing retail capitulation. Data from Santiment reveals that the total number of non-empty Bitcoin wallets has dropped to 54.44 million, its…

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Filed under: News - @ February 13, 2025 5:22 pm