Bitcoin has surpassed the $125,000 mark and reached a new all-time high. However, CrediBULL Crypto analyst warns that before further growth, the market may undergo a natural correction – and this could be a key opportunity for investors, according to BITmarkets.
New impulse movement on the horizon
According to CrediBULL Crypto analyst, the current market structure indicates the beginning of a new impulse movement consisting of five waves. If this scenario plays out, the price of bitcoin could rise to $150,000 and possibly higher.
The analyst also points out that a return to lower prices is a natural part of any bullish trend. The correction could open up opportunities for investors who have been hesitant to buy. After a significant breakout, Bitcoin may return to the demand zone between $118,000 and $108,000 in the short term, from where it could rebound again.
Accumulation confirms market strength
On-chain data confirms that large investors continue to accumulate Bitcoin, BITmarkets notes. According to analyst Ali Martinez, the accumulation trend score reached 0.74, indicating growing confidence and stable growth in balances among long-term holders.
The Glassnode platform reports that such high values are usually accompanied by aggressive accumulation phases, which may signal a further strengthening of the bullish trend. This trend suggests that the market is confident about the long-term growth of Bitcoin – investors are not selling, but rather increasing their positions. If accumulation continues at the same pace, it could create a solid foundation for further price expansion and push Bitcoin to new record levels, according to BITmarkets.
