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Steve Muchoki
Steve Muchoki
Author
- May 23, 2025 19:58 UTC
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Bitcoin Price Analysis: Constructive Market Structure Signals Parabolic Rally Ahead
Bitcoin Gains Momentum as U.S. States Adopt Strategic BTC Reserve Bills Amid Economic Tensions with EU.
BTC Price Eyes $140K Midterm Target if Bullish Channel Holds; Drop to $74K Possible if Breakdown Occurs.
The rising conflict between the United States and the European Union has weighed down on a weakening greenback against major global currencies. The cryptocurrency market, led by Bitcoin (BTC), has emerged as a better alternative for investors seeking to hedge against macroeconomic uncertainties.
Since the Doland Trump administration took office earlier in 2025, three states – including New Hampshire, Arizona, and Texas – have approved the strategic Bitcoin reserve bills in both the senate and House. In the past six days, Bitcoin’s investment products recorded a net cash inflow of about $2.3 billion, according to market data from CoinShares.
With the CME futures and options markets leaning towards bullish sentiment, BTC price will soon enter the euphoric phase of the 2025 crypto bull run.
Bitcoin Price Expectations in the Midterm
In the 1-hour timeframe, BTC price has been rising in a parallel channel since a local low of about $74.8k earlier in April. Earlier this week, BTC price was rejected at the upper border of the rising channel and is now signaling a drop towards the lower border.
Moreover, the 1-Hour MACD line has already dropped below the zero line and the histograms have been growing in a bearish fashion in the past two days.
In the daily timeframe, BTC price has been following an almost similar fractal pattern to the Q4 2024 bullish breakout. If BTC price consistently closes above the upper border of the established rising channel in the coming days, a potential rally towards $140k will be inevitable. However, a consistent close below the lower border of the rising channel will trigger a rejuvenated bearish pressure potentially towards $74k again.
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