Bitcoin (BTC) appears to be on the brink of a massive rally that could see the asset establish its price above $150,000 if a rare and powerful historical setup plays out.
According to an analysis by prominent online cryptocurrency analyst TradingShot, the maiden digital asset is replicating a technical pattern that has preceded every major bull run. This time, it’s occurring for the second time within the same cycle, a first in the asset’s history.
In a TradingView post on April 11, the analyst stated that the key driver of this projected rally is the Global Liquidity Cycle Indicator, which has formed another “higher low” on the monthly chart.
This pattern, visible before the 2015, 2019, and 2022 bull runs, has consistently marked the beginning of parabolic moves. With Bitcoin trading above $81,000, it could be on the verge of its strongest rally if the pattern holds.
Similar signals triggered rallies in past cycles, from $200 to $20,000, $3,000 to $64,000, and most recently from $16,000 to its current highs.
“Bitcoin can it start an insane rally on cheap money? This huge buy formation has been present on every BTC Cycle, usually at its bottom (but on the 2015 case, a little after) and signaled the huge monetary supply into the global markets, which translates into rising prices and rallies,” the expert said.
Bitcoin’s short-term outlook
Now, with global liquidity rising again, Bitcoin appears primed to benefit from another wave of capital inflows, likely helping the asset exit the current consolidation phase below the $85,000 resistance zone.
Meanwhile, crypto trading analyst Ali Martinez noted in an X post on April 11 that, in the short term, the leading digital asset is showing strong bullish momentum after slicing through a major resistance at $82,360.
This outlook is based on on-chain data from Glassnode, which indicated that this level, previously a supply wall marked by a notable concentration of transacted BTC, has now been overcome, suggesting bulls are firmly in control.
At the same time, the UTXO Realized Price Distribution (URPD) shows a thinning of resistance zones above this level, signaling that a sustained breakout could propel BTC toward the next major target at $91,500.
It’s worth noting that, amid this outlook, a portion of Bitcoin holders remains underwater, but the long-term bullish outlook remains intact. This projection is due to the fact that a significant number of institutional investors continue to bet on its prospects through continued accumulation.
Bitcoin price analysis
As of press time, Bitcoin was trading at $83,492, gaining 1.45% in the past 24 hours. On the weekly chart, however, the asset is down 0.44%.
Given the ongoing price consolidation, sentiment around the maiden digital currency remains cautious, with the Fear & Greed Index at 25 indicating extreme fear.
Technically, BTC is trading slightly below its 50-day and 200-day simple moving averages (SMA), suggesting continued consolidation or mild downward pressure in the short term.
