Bitcoin Eyes $150,000 Rally as Re-Accumulation Phase Nears End
February 21, 2025
If Bitcoin adheres to historical trends, the current re-accumulation phase may wrap up within the next one to two weeks, possibly igniting a rally toward the $150,000 mark.
Historically, re-accumulation phases have aligned with significant Bitcoin rallies, particularly following market lows in November 2022, which led to price increases throughout early 2023 and late 2023 into early 2024.
Bitcoin has been trading below $100,000 since February 2025, with investor sentiment declining amid a sluggish crypto market.
As of today, Bitcoin's price stands at $97,175, reflecting a 1.6% increase over the past 24 hours, and a potential rally could see it rise to $150,000, representing a 54% gain.
Current market indicators show USDT dominance and the Dollar Index (DXY) pulling back, conditions reminiscent of previous rallies, hinting that Bitcoin may be poised for a notable price increase.
Technical analysis supports a bullish long-term outlook for Bitcoin, suggesting that this re-accumulation phase has often preceded significant price surges.
Analysts forecast that Bitcoin could reach $150,000 before facing another major correction, but it must first break through the psychological barrier of $100,000.
The dominance of USDT (Tether) is crucial as it reflects traders' preference for stablecoins over riskier assets; a high USDT dominance suggests low buying pressure in the broader cryptocurrency market.
Summary based on 1 source
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NewsBTC • Feb 21, 2025
Bitcoin Price To $150,000: Why The USDT Dominance Plays An Important Role