Bitcoin Hits Triple Bottom: BTC Eyes $210K+ Cycle Target

1. Bitcoin forms a rare triple bottom inside a two-year ascending triangle, signaling a potential major bull run.
2. The current BTC price, around $91,000, sits at the breakout retest, marking a critical accumulation zone.
3. Whale and mid-sized holder behavior suggests distribution washout may be ending, paving the way for renewed buying.

Bitcoin is showing one of the clearest bullish patterns in recent history. According to market observers, BTC has completed a textbook triple bottom on the three-week chart around the $87,000 zone.

This pattern has formed within a massive two-year ascending triangle, a structure often associated with explosive upside moves.

The third bottom came with the highest trading volume ever recorded for this pattern, emphasizing strong buying pressure at key levels. Weekly candles closed decisively above the triangle’s upper resistance, while the Relative Strength Index (RSI) broke a four-year downtrend.

A full bullish crossover in the Moving Average Convergence Divergence indicator reinforces strong bullish momentum. Analysts estimate the value of the triangle project as a potential cycle target of $210,000 to $240,000.

The present market value for Bitcoin is currently placed at $91,000, just above the level of the breakout retest, which is believed to be the last accumulation phase leading to a parabolic trajectory.

The levels of support include values ranging from $85,000 to $87,000, and the next targets would be $125,000, $165,000, and eventually $210,000 or even higher, possibly in 2026.

Bitcoin Distribution Phase Nearing Completion

It appears, based on recent on-chain activity, that the distribution phase is close for Bitcoin. There has been sustained selling, involving all key groups of holders, including whales, large traders, and retail traders.

This 11-day waterfall triggered the unwinding of leveraged long positions and significant futures unwinds, making it one of the largest spot redistributions within the cycle.

Although selling is still happening, prices for BTC have halted their decline. Medium-sized investors who hold 10–100 BTC and 100–1,000 BTC have resumed purchases. Whale investors who hold over 10,000 BTC have begun adding to their holdings.

Futures market pressure is seen decreasing, with buyers filtering in gradually. Though the group around 1,000–10,000 BTC must flip into an accumulation range, these Conditions correspond with what has been observed during local bottoms within the market structure.

The macro technical strength, coupled with the washout completion, makes Bitcoin due for a very explosive period within the current bullish cycle. Traders were urged to accumulate in a calm manner within the levels of $85,000 -$91,000 before proceeding with the next journey up the charts.

Also Read: Bitcoin Price Outlook: $125K Target Unlikely for 2025 Rally