Bitcoin is showing signs of renewed bullish momentum as market indicators and whale activity suggest the cryptocurrency could be gearing up for a significant upward move.
Analysts point to On-Balance Volume (OBV) divergences and large-scale Bitcoin accumulation by institutional players as key signals for a potential rally.
OBV Divergence Signals Growing Buying Pressure
According to a recent analysis by @IncomeSharks, Bitcoin’s OBV—a technical metric that measures buying and selling pressure by accumulating trading volume—has broken above a long-term uptrend line established since mid-2024. This divergence occurs when OBV rises even as prices consolidate or dip slightly, signaling that buying interest is outpacing selling pressure.
BTC bullish momentum builds as OBV signals strong buying pressure. Source: @IncomeSharks via X
“Historically, OBV divergences like this have preceded major Bitcoin rallies,” the report noted, citing peer-reviewed research on volume-price dynamics published in the Journal of Finance (2018). At the time of reporting, Bitcoin was trading near $124,000, with the OBV breakout suggesting potential targets above $130,000 if momentum continues.
This trend aligns with broader market factors such as Bitcoin ETF inflows and the upcoming Bitcoin halving in 2024, both of which typically support bullish investor sentiment.
Whale Accumulation Boosts Market Confidence
Adding to the bullish narrative, Santiment data highlighted by @ali_charts shows that Bitcoin whales—wallets holding between 100 and 1,000 BTC—have accumulated more than 60,000 BTC in just one week. Total whale holdings rose from 4.88 million BTC to over 5.1 million BTC since August 2025.
Bitcoin whale accumulation surges over 60,000 BTC in one week, boosting bullish momentum. Source: @ali_charts via X
Whale accumulation is often seen as a sign of institutional confidence in Bitcoin, counterbalancing smaller retail outflows. Federal Reserve research indicates that such large-scale purchases can influence liquidity and market volatility, often acting as precursors to price rallies while also introducing potential manipulation risks.
Technical Patterns Suggest Upward Continuation
On the technical side, Bitcoin’s weekly chart shows the formation of two rounded bottom patterns—sometimes referred to as “cup-like” formations—since mid-2024. These patterns historically precede upward moves, with studies reporting 70–85% success rates for bullish continuations over periods ranging from one to ten years.
Bitcoin shows two rounded bottom patterns since mid-2024, signaling accumulation and potential bullish continuation. Source: @Karman_1s via X
“Rounded bottom formations indicate accumulation phases that usually lead to major upward moves,” noted crypto analyst @Karman_1s. Peer-reviewed research on early Bitcoin market behavior found that traders who recognized similar patterns experienced varying degrees of timing accuracy, especially during periods of high volatility.
Market Outlook and Key Considerations
While Bitcoin is showing bullish signs, analysts caution that macroeconomic factors such as interest rates and broader financial market conditions could affect short-term volatility. Investors are advised to monitor BTC ETF inflows, whale activity, and technical patterns closely.
For those exploring investment options, growing interest in products like the Fidelity Bitcoin ETF and BlackRock BTC ETF provides additional avenues for institutional and retail participation. However, as always, market participants should remain aware of the risks, including sudden Bitcoin crashes or sharp corrections.
Final Thoughts
Overall, Bitcoin’s technical indicators and whale accumulation suggest a strong bullish setup in the near term. The OBV divergence, combined with rounded bottom formations, provides a framework for predicting upward momentum, while significant institutional accumulation underscores growing confidence in the market.
Bitcoin (BTC) was trading at around $124,502, up 0.21% in the last 24 hours at press time. Source: Bitcoin Price via Brave New Coin
As Bitcoin continues its path toward potentially new highs, investors and analysts alike will be watching closely to see if these indicators translate into sustainable price action.