Is the Darvas Box Setting Bitcoin Price Up for a Surge To $130K?

As July ends, the market data reveals a steady accumulation trend by Bitcoin investors. The Bitcoin price today is now hovering around $118,360, remains caught in a Darvas box’s consolidation phase, but on-chain metrics strongly lean bullish. This is reflected not just in its magnificent price structure, but also in wallet holders’ activity, ETF inflows, and technical indicators that are openly pointing toward higher levels ahead.

Whales Add Over 218,000 BTC as Confidence Grows

A recent insight on the Santiment platform reveals that the wallet addresses holding between 10 and 10,000 BTC are often seen as key stakeholders in the asset, as they have continued their long-term accumulation and are accounting for 68.44% of the total Bitcoin supply. 

The data points that since March, they have added over 218,570 BTC crypto to their holdings, and this accumulation marks nearly 0.9% addition in this holder’s category, and these were stashed into wallets within just 18 weeks of 2025.

Meanwhile, more concise data was recently shared by an analyst on X that has revealed and confirmed ongoing accumulation in BTC. It revealed that in the past 48 hours alone, the addresses with 100 to 1000 BTC accumulated another 30,000 BTC. This itself is a strong sign of ongoing whale confidence despite the sideways price structure seen in the BTC price chart.

Bitcoin Price Consolidates in Darvas Box, RSI Signals Fresh Momentum

On the daily price chart, the Bitcoin price today is still trapped in a sideways consolidation, which appears like a multi-day consolidation based Darvas box pattern, which is a sign of indecision between bulls and bears. 

This range-bound action suggests a temporary pause as the market awaits higher volume to confirm a breakout.

At the same time, the Relative Strength Index (RSI) on the BTC price chart sits at 59, which shows that the heat from July’s rally has cooled, offering room for another price surge. 

Therefore, this suggests that if volume surges alongside a breakout from the Darvas box upper range, the Bitcoin price forecast points to a potential move toward $130,000.

This target feels to have higher accuracy as it coincides with the upper border of an ascending wedge pattern visible on the chart, leaving enough space for a fresh leg up from current levels.

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Macro Cup-and-Handle Structure Hints at Larger Rally

Zooming out, the BTC price USD macro chart reveals a multi-month cup and handle structure. Its breakout in H2 2024 led to a brief retracement in H1 2025, which served as a successful retest of the neckline of the very same pattern. 

Following the retest, the July rally confirmed the pattern’s strength, aligning perfectly with the bullish Bitcoin price prediction narrative.

As liquidity rises and structure tightens, a broader rally continuation toward $200,000 is considered a much higher possibility in the upcoming months or before year-ends. 

Additionally, the Long-term investor resolve remains strong, and the consistent inflow into Bitcoin ETFs is proof of that. Also, in July, it happened to show positive inflows in 29 out of the past 33 trading days, which adds further credibility to the upward trajectory.

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