Bitcoin (BTC) is displaying a strong bullish pattern as it hovers around the $97,000 mark, drive speculation about a potential rally to new all-time highs. Technical analysis suggests that BTC is mirroring past trends, with some analysts predicting a move toward $145,000 by March 2025.

Bitcoin Price Forms Bullish Symmetry

A detailed analysis by Trading View analyst Trading Shot highlights that Bitcoin recently bounced off its 100-day Moving Average (MA100)—a critical support level that previously triggered a major price surge in January 2024. The current price action closely resembles BTC’s historical movements, indicating that the cryptocurrency could be on the verge of another breakout.

The analyst points out that Bitcoin is moving within an upward-sloping parallel channel, known as the Channel Up pattern. This formation suggests that BTC remains in a long-term bullish trend, with periods of consolidation before each major upward move.

Bitcoin has now entered its second accumulation phase, similar to what occurred between 2023 and 2024. If history repeats itself, this phase could be followed by a powerful rally that pushes BTC to new record highs.

RSI-Based Symmetry Signals Strong Upside Potential

Another key observation from the analysis is the Relative Strength Index (RSI) symmetry. Trading Shot found that Bitcoin’s RSI behavior in the current accumulation phase is almost identical to its previous cycle:

• The intervals between RSI lower highs in both accumulation channels are nearly identical.
• In the previous channel (2023-2024), there were 25 days between the second and third RSI lower high, while in the current phase, the gap is the same.
• The third and fourth RSI lower highs were separated by 34 days in the last cycle, compared to 32 days in the current one.

This near-perfect repetition of bullish indicators strongly suggests that Bitcoin is following a historical pattern that could lead to a significant rally in the coming months.

Bitcoin’s Fibonacci Projection Targets $145K by March 2025

Based on Fibonacci retracement analysis, Trading Shot projects that Bitcoin could reach $145,000 if it follows past bullish cycles. The analyst marked the 2.618 Fibonacci extension level, which previously indicated BTC’s breakout point to an all-time high of $73,000.

Applying the same Fibonacci ratio to the current cycle, the projection suggests that BTC could hit $145,000 between March and April 2025—assuming the bullish pattern remains intact.

Will Bitcoin Continue to Rally?

While Bitcoin’s price action is showing strong bullish signals, the crypto market remains highly volatile. Key factors that could influence BTC’s trajectory include:

• Macroeconomic conditions – Interest rate decisions and inflation data could impact investor sentiment.
• Institutional demand – Increased interest in Bitcoin ETFs and institutional adoption could fuel further price gains.
• Market cycles – Historically, Bitcoin has followed a pattern of accumulation, breakout, and correction.

If Bitcoin’s bullish symmetry pattern holds, $145,000 may be within reach in early 2025. However, traders and investors should remain cautious, as unexpected market shifts could alter BTC’s trajectory.

Conclusion

Bitcoin’s price action at $97,000 is forming a remarkable bullish pattern, closely resembling past cycles. Analysts point to strong RSI symmetry and Fibonacci projections as indicators that BTC could be preparing for another major rally. If this trend continues, Bitcoin may hit $145,000 by March 2025—a move that could redefine the cryptocurrency market in the coming months.