Bitcoin price could be on the verge of a multi-year breakout in the coming days as numerous factors align. BTC was trading at $108,955 on Monday, a few points below the all-time high of $111,900. Here are some of the top reasons why it may stage a strong surge this year.
Bitcoin price has strong technicals
The first main reason why Bitcoin price may stage a strong surge is that it has formed numerous bullish patterns. The daily chart shows that it bottomed at $74,558 in April and then bounced back to an all-time high of $111,900.
Bitcoin price has formed a highly bullish cup-and-handle pattern, comprising of a horizontal resistance level and a rounded bottom. This pattern also has a handle section, comprising of a descending channel.
Furthermore, the handle section occurred after the coin surged, indicating that it is part of a bullish flag pattern. Similar to the cup-and-handle pattern, the bullish flag typically yields additional gains over time.
Bitcoin price has moved above the 50-day and 100-day Exponential Moving Averages (EMA), a sign that bulls are in control. It has also moved slightly above the upper side of the flag section, while the Relative Strength Index (RSI) and the MACD have continued rising.
Therefore, the BTC price is likely to experience a strong bullish breakout, with the initial target level set at $112,000. A break above that level will indicate further upside, potentially reaching over $145,000.
This target price is established by first measuring the cup’s depth, which, in this case, is about 30%. After this, one then measures the same distance from the cup’s upper side, bringing the target price at above $140,000.
Long-term chart points to more BTC price gains
The all-time chart suggests more Bitcoin price gains in the coming months if it breaks above the ascending trendline. This chart shows that Bitcoin has formed two rounded bottoms in the past few years. The first one formed between December 2017 and April 2021.
The other rounded bottom formed between November 2021 and January 2025. Bitcoin remains slightly below the ascending trend line that connects the highest swings sinc 2017.
Therefore, a move above that eight-year trendline will indicate further gains, potentially reaching $200,000 and beyond.
BTC price has strong fundamentals
Further, Bitcoin has strong fundamentals that may drive its price much higher in the coming months. As with all assets, the price movement is usually dependent on demand and supply.
While the demand trajectory is slowing, the reality is that more investors are accumulating the coin. A good example of this is in the ETF space, where inflows have surged in the past few months.
Data shows that BTC ETF inflows have increased in the last four consecutive months and are slowly approaching the $50 billion milestone. The iShares Bitcoin ETF is nearing the $80 billion asset mark.
Fidelity’s FBTC ETF now holds over $22 billion in assets, while Grayscale’s GBTC and Ark Invest’s ARKB have over $20 billion and $5.3 billion in assets, respectively.
The rising Bitcoin ETF inflows are happening at a time when the supply continues to plunge. Mining activity has slowed as the difficulty rate has surge after last year’s halving event.
Furthermore, the supply of Bitcoin on exchanges has continued to fall in the past few months. Additionally, Donald Trump’s Big Beautiful Bill, the soaring US public debt, and upcoming interest rate cuts are likely to boost risky assets, such as Bitcoin and stocks.
Read more: Bitcoin price prediction: BTC path to $300,000 revealed
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