Despite the consolidation of the first cryptocurrency, its balance sheet indicator (OBV) involves an increase of up to $ 130,000-135,000 in the III quarter. The analyst of CAS Abbe drew attention to this.
OBV growth indicates the pressure of customers, and its decrease – to the predominance of sellers. If the indicator continues to increase, bitcoin will come out of the range $ 103,000- $ 111,000, which is located since May, the expert noted.
The historical dynamics of prices shows that bitcoin tends to sharp breakthrough, when OBV growth confirms the basic pressure of customers during stagnation.
In the period from March to April, digital gold was traded in the sidewall between $ 76,000 and $ 84,000, when OBV began to form higher minimums. Then there was a rally by almost 60%, and by May the quotes of the asset exceeded $ 110,000.
In parallel, the user under the nickname Bobby A drew attention to the formation of the “Bull Flag” pattern on the weekly schedule of bitcoin.
$ BTC IS Bullishly Consolidating Below Anrmous LEVEL OF CONVERGINGSISTANCE AMID AMID A HIGHLY FEARFUL MARKET WHILEDLOPING A Weekly Bull Flag. Once It Breaks Free from This Supply Zone, It Will No Longer Havy Obstacles Standing in ITS From Its 2021 Cycle. Expansion ⚒️ pic.twitter.com/rh9SLZZ9SU
– Bobby a (@bobby_1111888) June 18, 2025
The figure indicates a possible rapid growth and subsequent consolidation.
In the context of the short -term perspective, the analyst and founder of MN Trading Michael Van de Poppe allowed a test of $ 106,000 and further growth, since the market survived the June meeting of the Fed and returned to the “normal trading game”.
FOMC Show IS Over, Which Was A Nothing Burger, Means that We’re Back Into the Normal Trade Game for #Bitcoin.
I Suppose We’ll See a Test of $ 106k and Breakout North in the Coming Days. #Altcoins Are, AGAIN, OUTPERFORMING. pic.twitter.com/xdy16bxa9z
– Michaël van de Poppe (@cryptomichnl) June 19, 2025
The digital gold course can reach $ 500,000 and even $ 1 million already in the current cycle, according to the founder of Binance, Chanpen Zhao.
Earlier, Standard Chartered was called to buy the first cryptocurrency and predicted an increase in its quotes to $ 120,000 in the IV quarter.
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Source: Cryptocurrency
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