Bitcoin is currently displaying accumulation patterns similar to those observed before its significant rallies in 2024, as noted by CryptoQuant analyst Crypto Dan. Over the past week, Bitcoin has experienced a 13% surge, driven by improving market sentiment and a reduction in global tensions. The total cryptocurrency market capitalization has also seen a notable rebound, climbing from $2.5 trillion to $3.1 trillion since April 8, indicating renewed institutional interest. These developments suggest that Bitcoin may be gearing up for another major breakout, mirroring its previous performance trends.
Bitcoin Flashing Pre-Rally Signals Seen Before Major 2024 Breakouts, Analyst Says
Bitcoin is exhibiting accumulation patterns reminiscent of those preceding its 2024 rallies, according to CryptoQuant analyst Crypto Dan. The cryptocurrency has surged 13% in the past week amid improving market sentiment and easing global tensions.
The total crypto market capitalization has rebounded sharply from $2.5 trillion to $3.1 trillion since April 8, reflecting renewed institutional interest. Technical indicators suggest BTC's current consolidation phase may precede another significant upward move.
Bitcoin Poised for Rally Toward $107K as Market Sentiment Turns Bullish
Bitcoin's April downturn has given way to a robust recovery, with technical indicators and on-chain metrics pointing toward significant upside potential. The cryptocurrency breached key resistance levels at $93.1K and $95.3K, establishing a strong foundation for further gains.
Market analysts highlight converging bullish signals: short-term holder realized price has flipped to support, liquidation heatmaps suggest a path to $107K, and Willy Woo's on-chain analysis projects a $108K target. Glassnode data confirms the market has successfully absorbed earlier bearish pressure, with long-term holders now seeing substantial unrealized profits.
The current technical setup shows remarkable strength, with $107.5K and $110K emerging as viable price targets. This rally occurs amid broader crypto market resilience, as Bitcoin continues to demonstrate its dominance as the flagship digital asset.
Bitcoin Enters Third Phase of Liquidity Expansion as Bulls Eye All-Time High
Bitcoin trades above $95,000, with bulls attempting to regain momentum and push toward the psychologically critical $100,000 level. A rebound from April lows has placed BTC in a tight consolidation range between $92K and $96K, leaving traders anticipating a decisive breakout. Clearing $96K could catalyze the next leg up, potentially unlocking a run toward six figures.
Macroeconomic headwinds persist, however. Escalating recession fears and geopolitical trade tensions inject uncertainty into broader markets, making the coming sessions pivotal for Bitcoin's short-term trajectory.
Analyst Axel Adler highlights underlying structural developments, suggesting the current price action reflects deeper market dynamics. Liquidity expansion phases historically precede major bitcoin rallies, drawing parallels to pre-ATH conditions observed in prior cycles.
Bitcoin Price Analysis: Final Key Resistance Level Before New All-Time High
Bitcoin has reasserted bullish dominance after decisively breaching the $95K resistance level. The breakthrough marks a pivotal moment, setting the stage for a potential assault on the psychologically significant $100K barrier. Market participants are closely watching whether this level will trigger profit-taking or serve as a launchpad for unprecedented highs.
Technical indicators underscore the strength of the current uptrend. The daily chart reveals a clear consolidation phase around $95K, followed by sustained buying pressure. This pattern mirrors the bullish momentum observed earlier this year, suggesting renewed institutional and retail interest in the flagship cryptocurrency.
Bitcoin Shows Bullish Signals as Analysts Point to Miner Cost Metrics
Bitcoin's 14.6% rebound from April lows has analysts debating the potential start of a new bull cycle. Robert Breedlove of WiM Media cites Blockware Team's miner breakeven data as a historical bottom indicator, noting BTC rarely trades below production costs for sustained periods.
The metric accurately flagged six market bottoms since 2016. With Bitcoin currently hovering NEAR this key level, Breedlove suggests miners' capitulation could precede the next upward leg. Market participants watch for confirmation as the halving's supply shock begins interacting with demand forces.
$2.5B Bitcoin Options Expiry Looms as Market Sentiment Tilts Bullish
Approximately 27,000 Bitcoin options contracts with a notional value of $2.54 billion are set to expire on May 2. The put/call ratio stands at 1, indicating balanced positioning between bears and bulls. Max pain sits at $90,000—the price level where most traders WOULD incur losses.
Open interest reveals a striking concentration at the $100,000 strike price, with $1.5 billion in contracts outstanding. This accumulation suggests growing conviction among derivatives traders that Bitcoin's rally may have further room to run. The market appears to be pricing in a potential breakout despite recent sideways action in spot markets.
