Bitcoin’s On-Balance Volume Signals Potential Rally
Bitcoin (BTC) shows signs of accumulation as its on-balance volume (OBV) trends upward despite price consolidation between $102,000 and $112,000 since May. Market analyst Cas Abbé notes this divergence indicates growing buying pressure. A similar OBV pattern in March-April 2025 preceded a 57% price rally, supporting current bullish expectations.
Historical Patterns and Market Analysis
Historical data reveals Bitcoin typically experiences strong breakouts when rising OBV coincides with price consolidation. Between March and April 2025, BTC traded sideways between $76,000 and $84,000 while OBV formed higher lows, ultimately leading to significant price gains.
Technical Indicators Support Bullish Outlook
Bitcoin appears to be forming a classic bull flag pattern following its May surge from $93,670 to nearly $112,000. The subsequent consolidation phase suggests potential for another upward move, with technical analysis pointing to a $130,000 breakout target.
Expert Consensus on Future Price Movement
Prominent analysts including Galaxy Digital‘s Mike Novogratz and Stockmoney Lizards project Bitcoin could reach $130,000-$200,000. Their forecasts consider institutional inflows, dollar weakness, and current technical formations. As with all market predictions, readers should conduct independent research before making decisions.
