Analyst Projects Bitcoin Could Reach $900,000 Based on Historical Patterns

Bitcoin's price is currently $105,235, down 1.5% in the last 24 hours and 4.2% over the past week. Analysts suggest this dip may precede a significant upward movement.

Historical Patterns Indicate Potential Rebound

Analyst "Mister Crypto" notes that previous Bitcoin rallies began with rounded-bottom formations and ascending triangles.
In 2013, Bitcoin established a smooth base under $10 before surging past $1,000.
Similar patterns were observed in 2017 and during the last cycle in 2021, leading to peaks of $20,000 and nearly $70,000 respectively.
Mister Crypto forecasts a potential breakout in 2025, possibly reaching $900,000, a 760% increase from current levels.

Re-Accumulation Phase Identified

Another analyst indicates Bitcoin typically moves through stages: an initial leg up followed by a sideways re-accumulation phase.
This pattern was evident from 2019 to 2021, and analysts believe Bitcoin is currently in a similar phase from late 2023 to mid-2025.
Predictions suggest prices could rise to between $270,000 and $350,000 before any parabolic movements.

Long-Term Holders Increasing Holdings

On-chain data shows long-term holders have increased their supply by 1.40 million BTC since March 2025.
Total long-term holdings rose from 14,354,000 BTC to 15,739,400 BTC.
In past bull markets, these holders typically sold to realize profits; currently, they are opting to retain their coins.
This trend may reduce available supply on exchanges, potentially leading to sharper price movements as demand rises.

Market Outlook

Despite recent losses, analysts believe the current dip may be healthy consolidation for future price increases.
Global interest rates, regulatory factors, and macroeconomic conditions remain potential headwinds.