Key takeaway:
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Bitcoin’s bullish megaphone sample suggests $144,000-$260,000 is in play this cycle.
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Signs of panic from BTC short-term holders trace at a possible native backside.
Bitcoin (BTC) value motion has painted bullish megaphone patterns on a number of time frames, which can propel BTC to new file highs, in line with analysts.
BTC value can attain $260,000 this cycle
The bullish megaphone sample, often known as a broadening wedge, varieties when the worth creates a sequence of increased highs and decrease lows. As a technical rule, a breakout above the sample’s higher boundary might set off a parabolic rise.
Bitcoin’s every day chart reveals two megaphone patterns, as proven within the determine beneath. The primary is a smaller one fashioned since July 11, and the current rebound from the sample’s decrease trendline at $108,000 suggests the formation is certainly taking part in out.
Associated: Bitcoin can still hit $160K by Christmas with ‘average’ Q4 comeback
The sample might be confirmed as soon as the worth breaks above the higher development line round $124,900, coinciding with the new all-time highs reached on Aug. 14. The measured goal for this sample is $144,200, or a 27% enhance from the present stage.
The second is an even bigger megaphone sample that has been forming for the “previous 280 days,” as analyst Galaxy pointed out in a Thursday X publish.
Bitcoin is buying and selling close to the higher trendline of the megaphone, which presently sits round $125,000. Equally, a break above this stage would verify the sample, clearing the trail for a rally towards $206,800. Such a transfer would deliver the full positive aspects to 82%.
In the meantime, crypto influencer Faisal Baig highlighted Bitcoin’s breakout from an enormous megaphone sample on the weekly time-frame with an excellent increased measured goal: $260,000.
“The following leg up is inevitable.”
Bitcoin has damaged out of this bullish megaphone sample.
The following leg up is inevitable.
IN SHAA ALLAH pic.twitter.com/iEIpKROSvv— Faisal Baig Binance Usdt Indicators (@fbmskills) August 20, 2025
As Cointelegraph reported, Bitcoin’s recent pullback to $108,000 is more likely to be a shakeout earlier than new all-time highs.
BTC short-term holder metric hits April lows
Bitcoin’s 12% drop from $124,500 all-time highs despatched short-term holders (STHs) — buyers who’ve held the asset for lower than 155 days — into panic mode as many sold at a loss.
This has had severe implications on the STH market worth realized worth (MVRV) ratio, which has fallen to the decrease boundary of its Bollinger Bands (BB), signaling oversold situations.
“On the pullback to $109K, $BTC tapped the ‘oversold’ zone on the short-term holder MVRV Bollinger Band,” said analyst Frank Fetter in an X publish on Thursday.
An accompanying chart reveals an identical state of affairs in April when Bitcoin bottomed out at $74,000. The BB oscillator dropped to oversold situations earlier than Bitcoin began recovering and is up 51% since.
With the most recent drawdown, the oversold STH MVRV urged that the BTC value was due for an upward relief bounce, probably staging an identical restoration to April and August.
As Cointelegraph reported, retail and institutional accumulation have now been at their highest since April’s dip beneath $75,000, which might be one other signal that $108,000 was an area backside.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails danger, and readers ought to conduct their very own analysis when making a choice.
