Bitcoin’s $160K Surge Incoming? Analyst Spots 3 Bullish Historical Patterns
Bitcoin's price action is flashing familiar signals—and one analyst says they point to a potential moonshot toward $160,000.
Three historical patterns are aligning for BTC, according to the latest technical analysis. While past performance doesn't guarantee future results (tell that to your hedge fund manager), the charts suggest history might rhyme yet again.
The patterns—which include key breakout structures and momentum indicators—have preceded major rallies in previous cycles. If the playbook holds, Bitcoin could be gearing up for its most explosive move since the 2021 bull run.
Of course, nothing's certain in crypto markets—where 'irrational exuberance' is practically a business model. But for traders watching these technical signals, the setup looks too compelling to ignore.
Analyst: “This phase could last 4–8 weeks”
During each of the three major rallies, LTHs have built their positions, outpacing short-term holders. Historically, LTH continued accumulation has resulted in a major price rally.
Looking at previous cycles, the first time this happened was when BTC was trading around $28K.
Source: CryptoQuant
Then, when Bitcoin consolidated at $60K, a similar supply shift gave bulls the strength to break through $100K. Now, with that same pattern repeating above the $100K mark, all eyes are back on the ratio.
On-chain says LTHs aren’t bluffing
Source: Checkonchain
On-chain metrics back Adler’s thesis.
Long-Term Holder Supply has now climbed to 14.18 million BTC, while Short-Term Holder Supply has slipped to just 3.9 million BTC.
This shows that while LTHs’ supply is surging significantly, STHs’ holdings are declining even though prices are stable. As such, LTH’s Net Position Change has bounced back from a recent drop from 181k to 209kBTC.
Source: Checkonchain
This shift in LTH supply suggests that with the market recovering from recent pullback, they are buying even more.
Even more telling is the Net Position Change for LTHs, which recently jumped from 181K to 209K BTC—an increase of 28K BTC in just two days.
$110K now or $160K later?
That spike didn’t just signal strength; it helped absorb selling pressure.
As STHs cashed out during the recent $98K drop, LTHs stepped in with confidence, buying the dip and pushing the price back toward $107K.
In the short term, though, if this group continues to stack, they will boost BTC to reclaim $110k and eye $112k psychological level.
In the long run, as predicted by Adler, based on a more conservative multiplier of ×1.6, BTC could rally to $160k. Although not improbable, this level is far-fetched as of now.
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