Bitcoin's current consolidation phase is masking a significant accumulation trend, signaling a potential breakout that could push prices beyond $130,000.
Hidden Accumulation of Bitcoin
Despite Bitcoin's price trading sideways between $102,000 and $112,000, underlying volume metrics reveal a different narrative. The On-Balance Volume (OBV) indicator has been steadily increasing, indicating hidden accumulation.
Understanding the Bull Flag Pattern
Complementing the OBV signal is the emergence of a bull flag pattern on Bitcoin's charts, which indicates a likely continuation of the upward price movement after a consolidation phase.
Price Targets Based on Technical Analysis
Current analysis suggests a price target for Bitcoin between $130,000 and $135,000 based on the breakout point from the bull flag pattern.
The convergence of rising OBV during Bitcoin's price consolidation and the formation of a bull flag pattern presents a compelling case for a possible upward move beyond $130,000 by Q3 2025.
