Bitcoin Correction Could Lead to $130K Surge
The Most Important Points in Brief
Bitcoin is currently in its third correction phase since the beginning of the bull market in 2023. Similar patterns have already occurred during the summer months of 2023 and 2024. Historical data suggests that Bitcoin could remain in a range between $80,000 and $100,000 for the next two to three months. A sustained breakout above $100,000 could trigger the next strong surge toward $130,000.
Bitcoin Cycles: Corrections as Part of the Uptrend
Bitcoin typically follows a recurring pattern: periods of rapid growth alternate with multi-month consolidation phases. These corrections are necessary for the market to process gains before the next upward movement begins.
Since early 2023, there have already been two longer correction phases. The first occurred in the summer of 2023, and the second in mid-2024. Both lasted around six months and ended with a renewed increase. The current correction phase could follow a similar pattern.
The Importance of UTXO Age Bands
Analyzing UTXO age bands (Unspent Transaction Output) helps to understand Bitcoin investors’ behavior. The 1-3 month and 3-6 month bands are particularly relevant, as they reflect the activity of new market participants.
During past correction phases, these two bands converged, indicating temporary market hesitation. Long-term investors absorbed supply, making it harder for Bitcoin to break through resistance levels. However, once these phases ended, a strong price surge followed each time.
Will Bitcoin Soon Reach $130,000?
Currently, a similar pattern to previous correction phases is emerging. The 3-6 month UTXO band is rising, while Bitcoin’s price fluctuates between $80,000 and $100,000. If this trend continues, a sustained breakout above $100,000 could trigger the next strong surge.
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Historically, breaking such resistance levels often leads to rapid price increases. Once Bitcoin enters price discovery territory, there are few historical data points for reference. This could pave the way for a swift rise to $130,000.
Our Assessment
The current correction phase aligns with past Bitcoin cycles. If Bitcoin can sustainably break the $100,000 mark, it could initiate the next major uptrend. Investors should closely monitor market indicators, particularly UTXO age bands, as these have historically provided reliable signals for upcoming price movements.
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | $82,759.00 |
| 24h % | -8.75 % |
| 7d % | -4.73 % |
| 30d % | -16.62 % |
| 60d % | -14.67 % |
| 1y % | 24.85 % |
| Market Cap | $1,642,800,031,973.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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