Bitcoin’s Wild Ride: Will It Soar to $900K or Just Take a Nap? 🚀💤

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In a shocking twist of fate that could only be described as utterly predictable, Bitcoin‘s price has taken a leisurely stroll down to $105,235 today, marking a delightful 1.5% drop over the past 24 hours and a staggering 4.2% decline in the last week. Some market watchers, who clearly have nothing better to do, see this dip as a mere pause before Bitcoin decides to do its best impression of a rocket ship. 🚀

Historical Patterns Point To Rebound

According to the ever-optimistic analyst known as “Mister Crypto” (who, let’s be honest, probably has a crystal ball), rounded-bottom formations and ascending triangles have been the harbingers of every major Bitcoin rally. Back in 2013, when Bitcoin was a mere toddler trading under $10, it spent months in a smooth, curved base before breaking out and soaring past $1,000. Ah, the good old days!

Fast forward to 2017, and we saw a similar pattern. After nearly three years of what can only be described as a very boring sideways shuffle, the price finally exploded toward $20,000. And let’s not forget the last cycle in 2021, which followed the same script, with Bitcoin building a wide base before shooting up to nearly $70,000. It’s almost like watching a soap opera, but with more numbers and fewer dramatic pauses.

Bitcoin will go parabolic.

This time won’t be different!

— Mister Crypto (@misterrcrypto) May 29, 2025

Bitcoin Chart

Mister Crypto’s chart suggests that the period after 2021 has formed yet another base. If history is any guide (and it usually is, unless it’s not), his forecast points to a breakout in 2025 that could send Bitcoin soaring to a dizzying $900,000—a 760% rise from today’s level. Because why not? 🎉

Analyst Charts Re-Accumulation

According to charts shared by another analyst (who probably has a second job as a fortune teller), Bitcoin often moves in stages. First, there’s an initial “leg up” that signals the shift from deep accumulation into a growing bull trend. Then, the price settles into a sideways “re-accumulation” phase before the final run. It’s like a rollercoaster, but with fewer safety regulations.

Bitcoin Stages

From 2019 through 2021, Bitcoin followed this path closely. Analysts note that from late 2023 into mid-2025, Bitcoin appears to be in that same re-accumulation phase. If this unfolds as in past cycles, the next big upswing could push Bitcoin into the $270,000–$350,000 range before any parabolic spike comes into view. Buckle up, folks!

Long-Term Holders Keep Adding Coins

On-chain data shows that long-term holders (those addresses that haven’t moved their coins in over 155 days, probably because they forgot their passwords) are still piling on. Between March 3 and May 25, 2025, these holders increased their overall supply by nearly 1.40 million BTC. That’s a lot of coins!

This pushed long-term holdings from 14,354,000 BTC to 15,739,400 BTC. In previous bull markets—like those in 2013, 2017, and 2021—long-term holders often sold during the rallies to lock in profit. But today, they seem content to hold. If large pockets of Bitcoin remain off exchanges, fewer coins are available for new buyers. This could tighten supply and make sharp moves more likely once demand picks up. It’s like a game of musical chairs, but with more money and fewer chairs.

Bitcoin Supply
Looking Ahead In Uncertain Market

Bitcoin has lost momentum recently, but many analysts feel these dips won’t last. At the $105K region, the price sits below last week’s levels. Some see this as healthy consolidation before a bigger run, while others warn that global interest rates, regulation, and macro factors could slow things down. It’s like trying to predict the weather in England—good luck with that!

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2025-05-31 14:48