Bitcoin’s Next Bull Run: $162K Target in Sight as Market Cycles Heat Up

Bitcoin’s price trajectory is flashing signals that could make even Wall Street’s most jaded traders take notice. With historical patterns and on-chain metrics aligning, the crypto king might be gearing up for a run toward $162,000 this cycle—proving, once again, that it laughs at 'mature asset' labels while leaving gold bugs seething.

The Math Behind the Madness

Past halving cycles suggest Bitcoin’s post-halving rallies tend to mirror previous all-time-high multipliers. If history rhymes (as it often does in crypto’s casino-like markets), $162K isn’t just plausible—it’s statistically overdue.

Liquidity Tsunami Ahead

Global central banks flipping the money printer back on? Check. Institutional FOMO creeping in? Double-check. The stage is set for capital to flood into scarce assets—and Bitcoin’s 21 million supply cap is looking more attractive than a banker’s bonus loophole.

The Cynical Kicker

Of course, if the rally fizzles, there’s always the fallback narrative: 'Adoption takes time.' Meanwhile, hedge funds will keep pocketing volatility premiums while retail traders pray to the charts. Some things never change.

Bitcoin price reclaimed $108,000 this week, with analysts now projecting new cycle highs between $123,000 and $162,000.

Several technical indicators indicate the beginning of a new rally. As charts converge and historical arrangements emerge, traders are gearing up for the next significant breakout.

Bitcoin Price Enters Institutional Phase

Crypto Patel developed a complete-cycle framework in which he showed how Bitcoin has passed through accumulation to manipulation and today toward growth.

In his assessment, BTC price remained mostly inactive between 2022 and the beginning of 2024, developing a wide-ranging accumulation base.

However, things changed by mid-2024, when institutions began re-entering. Patel pointed out that Bitcoin price surged to $107,000 by January 2025, similar to the first leg of the 2020–2021 rally.

At that time, BTC price posted a 73% increase after institutional inflows. Repeatedly, Patel estimated to shift to $162,000 in this cycle.

The chart also indicated two large zone entries of institution entry 1 and institution entry 2. The latter commenced to FORM after the June 2025 price base at around $96,000, with volume hikes, and a subsequent rounded-base breakout.

Analysts contend this is the beginning of an institutional phase as the price is stabilizing above $105,000.

BTC Wedge Breakout Confirms Bullish Structure

Consequently, CryptoWZRD emphasized that bitcoin price recently broke out of a falling wedge structure, validating a bullish reversal pattern.

The breakout pushed BTC price from the $91,000 zone and drove it toward $108,000. The latest daily close, however, was slightly bearish, which leaves a possibility of continuation or a short-term retest.

Notably, the critical resistance level trades at $110,400. Any candle closing above this level daily WOULD probably validate the next leg higher to the $120,000 level.

Conversely, $105,500 will play an important role as a support, as it is the point of the breakout of the wedge. If this level breaks, there may be renewed downside pressure with targets NEAR $100,000.

Furthermore, WZRD also warned about geopolitical risks over the weekend and noted that a breakdown in bitcoin dominance could renew altcoin momentum.

However, if BTC price remains stable above support, the bullish structure continues to favor long positions toward $120,000.

Megaphone Pattern Projects $123K Target

More so, Bitcoinsensus posted a large-scale bullish megaphone pattern on the Bitcoin price chart, spanning the last several months. The structure is characterized by a narrowing price range with high highs and low lows.

This pattern is normally completed by a powerful breakout in the opposite direction of the previous trend.

Currently, BTC price is testing the upper resistance of this megaphone, suggesting an imminent breakout move.

As per the post, a clear break above touch point five would trigger a target of $123,000. The 50-day SMA has also been aiding the setup as it has served as dynamic support since March 2025.

Such a combination of the megaphone structure and moving average trendlines indicates further bullish momentum.

If the BTC price close above $110, 500 this week, analysts believe that the target range around $123,000 will be tested soon.

Leverage and Whale Movement Fuel Speculation

Meanwhile, sentiment data shared by CW showed that the Bitcoin leverage ratio across all exchanges has reached a new yearly high at 0.27.

This suggests an increased risk appetite among traders. Large moves in higher leverage were usually preceded by elevated levels of leverage, particularly in cases where the technical setup involved good breakouts.

Interestingly, on-chain insights from CryptoRank.io reported a major whale moved 80,000 BTC on July 4 after 14 years of dormancy.

The wallet, containing BTC bought in 2011 between $0.78 and $3.37, transferred its full balance to new addresses but did not sell.

The portfolio is currently valued at $8.6 Billion. Meanwhile, the top crypto has traded in the last one month from $97,500 low to $108,120 at present, reflecting a 3% gain.