Bitcoin (BTC) is showing signs of a potential bull market resurgence, with predictions pointing toward a new all-time high (ATH) by June 2025. Historical data and seasonal trends suggest that Bitcoin could reach as high as $126,000 in the coming months, fueling optimism among investors and traders alike.

Bitcoin’s Seasonal Strength and Historical Data

Bitcoin’s current price trajectory appears to be aligning with patterns seen in its past performance. Historical data going back to 2015 shows that Bitcoin typically sees its greatest annual price increases from April to October, making these months crucial for Bitcoin’s price action.

In particular, Bitcoin has been trading within a low seasonal range recently, hovering around the $75,000-$80,000 range. Analysis of past performance has revealed that this period is often followed by strong upward momentum. The “10 Years of Bitcoin Seasonality in One Chart” highlights that Bitcoin’s price fluctuations during January and February often align with its lowest growth range, which has coincided with the current market behavior.

According to historical trends, Bitcoin has demonstrated significant price growth from April through October, where its growth pattern has typically stabilized and continued upwards. Data from these periods suggest Bitcoin could surpass its previous ATH of $69,000 by June 2025, potentially reaching levels between $120,000 to $126,000.

Bullish Support Levels and Indicators

Bitcoin bulls have shown resilience by defending the crucial weekly moving average (MA50) at $75.8K. As Bitcoin hovers near $83.1K, this support level remains a critical factor in the cryptocurrency’s potential for a bullish recovery. The MA50 has historically acted as a rebound zone, with Bitcoin previously rising from $67,000 in July 2024 to $83,000 by December 2024.

The Spent Output Profit Ratio (SOPR) also signals a long consolidation period for Bitcoin, suggesting that the cryptocurrency could experience a steady rise. The decrease in SOPR from 1.07 to 1.00 in January 2025 indicates that profit-taking by buyers has stalled, which often leads to price increases. This pattern suggests that Bitcoin’s price could be poised for an upward surge in the coming months.

Funding Rates and Potential Price Catalysts

Further evidence supporting Bitcoin’s potential to reach new highs comes from negative funding rates. As of March 2025, Bitcoin’s funding rate on Binance was recorded at -0.02, signaling that traders are paying a premium to short Bitcoin. In the past, such negative funding rates have often preceded significant price rallies. For example, a similar funding rate in June 2024 triggered a price increase that took Bitcoin from $50K to $70K.

If Bitcoin continues to hold above the MA50 support level and maintains its negative funding rate, it could see a sharp rise in price. Some analysts believe this trend could push Bitcoin above $100K, with a potential for the $126K mark by June. However, should the funding rate remain negative for too long and the MA50 support fail, Bitcoin could see a drop back to the $70K range, which would delay any ATH aspirations.

Conclusion

Bitcoin’s recent price action and historical data point toward a promising outlook for the cryptocurrency in the coming months. The combination of seasonal trends, bullish support levels, and key indicators suggests that Bitcoin could reach new all-time highs by June 2025. With strong support at the $75.8K level and a potential catalyst from negative funding rates, Bitcoin’s bullish momentum could be set to continue. However, if the market fails to maintain these key levels, a retracement to $70K could be on the cards, delaying any new ATH for Bitcoin. Traders and investors will need to monitor these critical levels closely to gauge the next steps for BTC.