Bitcoin Primed for Explosive Breakout—Top Analyst Predicts Monumental Surge Ahead

Brace for impact—Bitcoin’s coiled spring is about to snap.

After months of consolidation, the king of crypto is flashing textbook breakout signals, according to a closely-watched market strategist. The analyst—who nailed Bitcoin’s 2024 rally—points to a tightening volatility squeeze not seen since the prelude to last year’s 300% explosion.

The Setup:

On-chain metrics show whales accumulating at key support levels while retail traders remain sidelined—a classic contrarian buy signal. Derivatives markets echo the sentiment, with perpetual funding rates hovering near neutral after months of bearish bias.

The Catalyst:

All eyes are on the looming Fed decision. A dovish pivot could send institutional FOMO into overdrive, while even a hawkish pause might trigger a ‘sell the rumor, buy the news’ reversal. Either way, volatility’s coming—and Bitcoin’s historical Q3 performance suggests the odds favor the bulls.

The Punchline:

Wall Street’s still trying to price ETFs while the OGs stack sats. Some things never change—except your portfolio balance if you miss this move.

BTC USD 24JULY25BTC USD 24JULY25 The Next Big Move Nguyen believes that if Bitcoin confirms a breakout above $120,000 with strong volume, a push toward $124,000 is likely. However, a breakdown below $116,000 could weaken the bullish setup and open the door to further downside toward the $112,000–$113,000 region. Despite recent resistance, buyers appear to be defending the lower end of the range, hinting at a potential upside continuation. Still, the pattern suggests traders watch for confirmation signals, as false breakouts can occur in sideways markets. The current consolidation reflects a breather phase as the market digests recent gains. A decisive move in either direction could set the tone for Bitcoin’s next trend. Despite this, Nguyen maintains a more bullish outlook. What is the Next Bitcoin’s Move? Market watcher Cas Abbé noted that Bitcoin is rapidly exiting long positions while short positions are increasing. He mentioned the shift is due to Bitcoin trading sideways and traditional stocks hitting new highs.  Abbé said the pattern suggests a potential short squeeze, where a sudden price surge could force short sellers to cover their positions, driving prices higher.  A previous similar setup on the chart led to a sharp price spike from around $112,000 to over $118,000, reinforcing the possibility of a breakout if bearish traders get caught on the wrong side. Additionally, data from Coinalyze shows that 57.09% of traders hold long positions on Bitcoin, compared to 42.91% holding shorts, resulting in a long/short ratio of 1.33. This indicates a clear bullish bias in the market, with more traders expecting further upside.