Bitcoin appears to be repeating previous patterns of holding critical support levels before initiating a significant uptrend. According to the analysis by RickUntZ, the current Bitcoin price structure around $95,612 mirrors past movements. If this trend stays intact and if the market gains momentum soon, Bitcoin could potentially surge higher, with a price target near $110K.
The analyst’s chart identifies three key periods in which Bitcoin successfully maintained support above the weighted moving average (WMA) before making a notable upward move. These periods include March 2023, April 2024, and the most recent bounce in early 2025. Each of these instances marked the beginning of a bullish cycle. With the current market structure closely resembling these historical patterns, Bitcoin seems to be in the early stages of another potential uptrend.
RickUntZ further notes that low-timeframe (LTF) manipulation might have reached its limits. This suggests that Bitcoin will need to demonstrate action soon to reinforce any bullish momentum. Failure to gain traction could result in a break in support that would invalidate the current bullish scenario. Whether Bitcoin can keep the liquidity at this level will determine if it can continue its upward trajectory or if it will enter a period of consolidation. As Bitcoin is poised to test several major resistance levels, a further build-up in momentum could trigger a breakout, possibly reaching the $110K mark.
Traders are keeping a close eye on these developments. The coming days will be crucial in defining Bitcoin’s short-term trend. If Bitcoin continues to echo its historical patterns, another significant uptrend could be on the horizon. However, if it fails to hold support, the sentiment could shift. Currently, the focus is on Bitcoin’s reaction within this range, as another potential upward move seems possible.
In summary, Bitcoin is currently at a critical juncture, and its next move will likely depend on how well it can maintain support and build momentum. Past patterns suggest a possible uptrend, but market dynamics and liquidity pressures could influence this. Traders and investors are advised to monitor the situation closely as the next few days could be pivotal in shaping Bitcoin’s short-term trend.
