Greed

bullish

Bitcoin

when

Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow" target="_self" text="null" title="https://cointelegraph.com/bitcoin-price">BTC</a>) is flashing signals that may indicate an explosive move to the $100,000-$150,000 range by the first quarter of 2025.
<h2 id="btc-price-classic-pattern-hints-at-big-a-breakout">BTC price classic pattern hints at big a breakout</h2>
Bitcoin’s recent price action shows a confluence of technical indicators aligning with a breakout. The most notable pattern forming on the charts is the "cup and handle," a classic technical formation suggesting bullish continuation.
This pattern features a rounded bottom (cup) and a subsequent consolidation phase (handle). The handle’s formation signals a period of consolidation, often preceding a major bullish breakout.
In Bitcoin’s case, the cup began forming after its peak in late 2021, with the handle currently taking shape as the cryptocurrency oscillates below the $65,000-$69,000 resistance level.
<figure><img alt="Bitcoin 'ticking time bomb' setup targets $150K by 2025" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191f5fd-8c5b-7a8d-990c-29c60c54dfd6">
 <figcaption style="text-align: center;">
 BTC/USD weekly price chart. Source: <a data-ct-non-breakable="null" href="https://x.com/Eljaboom/status/1834893864529760759" rel="noopener noreferrer nofollow" target="_blank" text="null" title="https://x.com/Eljaboom/status/1834893864529760759">Elja</a>
 </figcaption>
</figure>
The cup-and-handle pattern resolves when the price breaks above its neckline resistance and, as a technical rule, rises by as much as the maximum distance between the neckline and the cup’s lowest point.
In Bitcoin’s case, the distance between the cup’s bottom (around $15,000) and the resistance at its rim (near $65,000) is approximately $50,000.
By projecting this distance upward from the breakout point, independent analyst Elja suggests a target range of $110,000 to $130,000 for BTC in early 2025.
<h2 id="bitcoin-a-ticking-time-bomb-analyst">Bitcoin a “ticking time bomb” — Analyst</h2>
A series of indicators highlighted by pseudonymous analyst Nestay points to an impending move to add weight to the cup-and-handle bullish setup.
For instance, Bitcoin’s weekly Bollinger Bands Width (BBW) indicator has been contracting since June. Technically, a contracting BBW suggests low volatility in the market, which, historically, has preceded major price movements.
Meanwhile, momentum oscillators like the Stochastic RSI and the relative strength index (RSI) indicate oversold conditions.
<figure><img alt="Bitcoin 'ticking time bomb' setup targets $150K by 2025" name="" src="https://s3.cointelegraph.com/uploads/2024-09/0191f606-1a8e-7a79-9321-440a506be2ca">
 <figcaption style="text-align: center;">
 Source: <a data-ct-non-breakable="null" href="https://x.com/nestayxbt/status/1835000707927171482" rel="noopener noreferrer nofollow" target="_blank" text="null" title="https://x.com/nestayxbt/status/1835000707927171482">Nestay</a>
 </figcaption>
</figure>
Nestay further highlights the popular Crypto Fear &amp; Greed Index, which sits in the “fear” territory. Historically, periods of extreme fear have preceded some of Bitcoin’s most explosive upward moves, indicating oversold conditions and waning selling pressure.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-3-month-historic-rally-analysts-92k-btc" rel="noopener noreferrer nofollow" target="_self" text="null" title="https://cointelegraph.com/news/bitcoin-3-month-historic-rally-analysts-92k-btc">Bitcoin set for 3-month historic rally as analysts eye $92K BTC</a>
The macroeconomic backdrop adds further weight to this bullish setup. A rising global liquidity index suggests an influx of capital into risk assets like Bitcoin.
This surge in liquidity, combined with Bitcoin’s tightening price action—described by Nestay as a “ticking time bomb”—creates a scenario where a potential breakout could occur, particularly as the market enters <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-bull-run-ahead-schedule-september-correction-analysts" rel="noopener noreferrer nofollow" target="_self" text="null" title="https://cointelegraph.com/news/bitcoin-bull-run-ahead-schedule-september-correction-analysts">October</a> and November.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin 'ticking time bomb' setup targets $150K by 2025

Table of Contents

Cointelegraph

Other articles published on Sep 15, 2024

Will This New Altcoin Suprass Ethereum (ETH) and Polkadot (DOT) in Terms of Investor Returns?

The Ultimate Guide to the Most Rewarding P2E Games of 2024!

Ethereum (ETH) Faces Significant Decline Against Bitcoin

Surprise Revelations from Cryptocurrency Detective ZachXBT: Blames Major Cryptocurrency Company

Cyber Capital founder calls Tether a $118B Fraud, bigger than FTX and Madoff

Invest $200 Today in These Altcoins for a Chance to Make $1 Million by 2026

Join our free newsletter for daily crypto updates!