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Bitcoin’s price slipped to $105,235 today, dropping 1.5% over the past 24 hours and falling 4.2% in the last week. Some market watchers see this dip as a pause before a major move. According to their charts, Bitcoin could be gearing up for another steep gain.
Historical Patterns Point To Rebound
Based on reports from the analyst known as “Mister Crypto,” rounded-bottom formations and ascending triangles have marked every big Bitcoin rally. In 2013, when Bitcoin was trading under $10, it spent months in a smooth, curved base before breaking out and climbing past $1,000.
A similar pattern showed up in 2017. After nearly three years of sideways action, the price finally exploded toward $20,000. The last cycle in 2021 also followed the same playbook, with almost four years of building a wide base before shooting up to nearly $70,000.
Bitcoin will go parabolic.
This time won’t be different! pic.twitter.com/0fEMMMclbD
— Mister Crypto (@misterrcrypto) May 29, 2025
Mister Crypto’s chart suggests that the period after 2021 has formed another base. If history plays out the same way, his forecast points to a breakout in 2025 that could send Bitcoin as high as $900,000—a 760% rise from today’s level.
Analyst Charts Re-Accumulation
According to charts shared by another analyst, 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.
From 2019 through 2021, Bitcoin followed this path closely. Analysts note that from late 2023 into mid-2025, Bitcoin looks 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.
Long-Term Holders Keep Adding Coins
On-chain data shows long-term holders (addresses that haven’t moved their coins in over 155 days) are still piling on. Between March 3 and May 25, 2025, these holders increased their overall supply by nearly 1.40 million BTC.
That 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.
Today, though, they seem content to hold. If large pockets of Bitcoin remain off exchanges, fewer coins are available for new buyers. That could tighten supply and make sharp moves more likely once demand picks up.
Looking Ahead In Uncertain Market
Bitcoin has lost momentum recently, but many analysts feel these dips won’t last. At $105K region, the price sits below last week’s levels.
Based on reports, some see that as healthy consolidation before a bigger run. Others warn that global interest rates, regulation, and macro factors could slow things down.
Featured image from Pexels, chart from TradingView
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
