We are looking at a chart where we can infer that Bitcoin is almost finishing a reaccumulation phase, which could be a sign that a strong bullish rally is imminent. To better understand this projection, let's review some key points:

Technical Analysis

The chart identifies reaccumulation patterns (yellow area) that historically precede major bullish movements. The trend shows that BTC has been consolidating for a considerable time after a previous correction.

If we go by similar patterns that occurred in the previous cycle, such as 2020, where there was a reaccumulation phase that led to a 249% increase, we could be looking at a breakout scenario in the coming weeks or months. The fact that prices are above the A line and with similar patterns on the B line reinforces the idea that a big move could be about to happen.

Halving cycle

The upcoming Bitcoin halving in 2024 is a crucial event that investors often anticipate. Historically, each halving cycle has been followed by significant bullish rallies due to the reduction in BTC supply. This increases demand pressure, and many institutional investors are already accumulating BTC in anticipation of this event.

Market Outlook

With inflation still a major factor in global economies and economic uncertainty worldwide, many investors see Bitcoin as a safe haven. Additionally, institutional adoption continues to grow, bringing liquidity and confidence to the crypto market. According to Cointelegraph experts, a breakout towards $65,000 could trigger a major bull run, with prices potentially reaching $100,000 or more in the next 12 to 18 months.

On-chain signals

On-chain analysis also supports this theory. Data shows that the supply of BTC held by long-term holders has reached all-time highs, indicating that investors are accumulating and not selling. This action is a positive sign as it reduces the circulating supply on the market.

Conclusion

Based on the chart analysis and the overall market context, it seems likely that Bitcoin is on the cusp of starting a bullish rally. The reaccumulation phase could be coming to an end, and if the trend continues, we could see significantly higher prices in the coming months.

The price of $BTC could reach between $85,000 and $100,000 by 2025, as long as the historical trend holds and key events, such as the halving, continue to align with investor expectations.

It is a key moment to closely monitor market movements and prepare appropriate investment strategies.

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