Bitcoin Price Prediction: BTC Eyes $140K as New Technical Pattern Emerges

Key Insights:

• Bitcoin price prediction models show an inverted head and shoulders pattern in the making.
• On-chain data also showed positive data supporting the general bullish market.
• MicroStrategy co-founder Michael Saylor recently hinted at further Bitcoin accumulation.

Bitcoin price prediction market is at an interesting turn as a new technical pattern emerged for BTC price action. Bitcoin price is developing an inverted head and shoulders pattern, indicating the possibility of a break above the level of $140,000.

The rise in leverage, institutional interest in the accumulation of Bitcoin, and the technical indicators are in support of this bullish trend.

Bitcoin Price Prediction: Technical Pattern Suggests Bullish Breakout Toward $140K

MerlijnTrader has spotted an inverted head and shoulders development in the Bitcoin chart. This pattern, which can easily be regarded as an indication of trend reversal, comprises a definite left shoulder, a distinct head, and a forming right shoulder. The neckline that has the resistance of the range corresponding to the shoulders is now at $113,000.

The right shoulder is taking the appearance of higher lows, which means more buyer pressure. Should the price of Bitcoin move above the $113,000 neckline with a volume confirmation, the chart might propose the upward movement to the target at the price of $140,000.

On-Chain Data Shows Long-Term Holders Remain in Control

On-chain data also featured some positive data supporting the general bullish market. According to the data provided by the Long/Short-Term Holders Threshold chart, long-term owners still possess a significant part of the circulating supply.

The long-term holder supply is increasing and is now getting close to 14 million BTC, and has been steadily rising since the beginning of the year 2022. Previously, these accumulation patterns were observed before bull runs as seen in the years 2013, 2017, and 2021.

The reduction in short-term positions helps lower volatility and reduces the risk of panic-driven selling during temporary price pullbacks. As the long-term holder base strengthens, the potential for a supply squeeze increases.

Bitcoin Price Prediction: MVRV Bands Indicate Key Support Around $102K

More can be known about the current positioning of Bitcoin using the MVRV (Market Value to Realized Value) Extreme Deviation Pricing Bands being presented by Glassnode. The +0.5 price band is at 102, 044, and this figure is currently serving as the second important support. Bitcoin was near this price on June 12 at the level of $105,768.

According to market analyst @ali_charts, a breakdown below $102K could trigger a short-term pullback to the mean pricing band around $82,570. Although this has been a near-term potential downside risk, the larger picture still looms to be bullish. Bitcoin is still selling above the realized price of 47,274, and the mean band indicates that the long-term trend is strong.

MVRV bands serve as dynamic support and resistance zones based on historical deviation levels. The current compression below the +1.0 band at $121,595 reflects limited short-term momentum, but holding above +0.5 preserves the bullish structure.

Whale Activity and Market Sentiment Continue to Build

There is also renewed confidence among the large investors, as it is evidenced through market activity. One whale is said to have taken a long position of $200M on Bitcoin with 20x leverage, holding 1,894.19 BTC a week ago. This is a very aggressive stance and implies confidence in the current price framework, and it possibly implies a breakout.

Additionally, MicroStrategy co-founder Michael Saylor recently hinted at further Bitcoin accumulation. “Bigger dots are ₿etter,” he wrote, possibly alluding to larger purchases on-chain.

Based on the latest Bitcoin price prediction, Bitcoin price is expected to increase further by 6.62 %, targeting a price of 112,587 on July 14, 2025. According to technical indicators, the present sentiment is Bullish, and the Fear & Greed Index is displaying 60 (Greed). The number of green days of Bitcoin was 16/30 (53%), and price volatility was 2.07% in the past 30 days.