The current situation in the Bitcoin market has piqued analysts' interest. The on-balance volume (OBV) indicator continues to rise, despite stable prices.
Rising OBV and Its Significance
The OBV indicator shows that buying volume is exceeding selling volume, indicating growing buying pressure in a price consolidation situation. According to analyst Cas Abbé, the rising OBV could help propel Bitcoin's price to the $130,000-135,000 mark by Q3 2025.
Historical Data on Previous Divergences
Historical data shows that Bitcoin tends to strongly break out when the rising OBV confirms underlying buying pressure. For instance, between March and April 2025, Bitcoin consolidated between $76,000 and $84,000 while OBV was also rising, which led to a 57% price increase.
Bull Flag as a Growth Signal
Bitcoin may be forming a classic 'bull flag' pattern, indicating a possible upward movement. On the daily chart, the rise from $93,670 to nearly $112,000 established the basis for a new upward wave. This is supported by Cas Abbé's forecast of Bitcoin reaching $130,000.
Overall trends in the Bitcoin market, including rising OBV and the potential formation of a 'bull flag', suggest strong expectations among analysts regarding future price levels.
