Main Takeaways:-
- Bitcoin’s MVRV is close to a 1-year SMA trend shift, an indicator that historically preceded strong uptrends.
- A verified Bitcoin price upward move above $108k could initiate a swift movement toward $150k, based on models showing a sharp bounce back in price.
- Morgan Stanley’s strategy is to announce spot Bitcoin trading via E*Trade, increasing crypto access to individual investors in 2025.
Parabolic Trend Signals Potential Surge Toward $150K for Bitcoin
The Bitcoin price action is presently indicating one of its strongest upward signals. After the upward move from a descending wedge formation, BTC has recovered momentum. Such upward trends have usually caused big price jumps.
Pattern expert Peter Brandt said, “If Bitcoin can recover its previous upward trend, it could hit the top of the next bull market, reaching between $125K and $150K by August or September 2025.”
This analysis agrees with the overall market framework, as Bitcoin shows it posts higher lows and higher highs on the weekly pattern.
Bitcoin Breakout Above $108K Could Spark Quick Price Rally
Bitcoin price is presently experiencing resistance around $108,000. Some experts assume that surpassing this zone could lead to an instant surge toward the $125,000–$150,000 zone.
A market analyst noted that the journey from $108k to $200k will be extremely quick and no large declines. The first requirement is to surpass $108k.
At the time of reporting, the asset dropped to $94,299.88 after surging to $97,000 at the beginning of this week, which was a recovery of around 30% from its April low. This climb followed a double-bottom chart that started at the 76,560 support zone.
At the time of reporting, the coin had dropped 1.76% in value in the past 24 hours, its trading volume being above 25% during the same period.
An upward move above the support level at $88,830 verified the formation. The price went up more after it broke through a short-term upward trend.
Investor mood is also growing. The crypto worry and Greed Index was in the middle at 49%, indicating a stable risk preference.
Morgan Stanley’s Crypto Move: A Game Changer for Institutional Demand?
During the Bitcoin price surge, Morgan Stanley, which controls around $1.5 trillion in investor holdings, is strategy to announce crypto trading for individual investors through its E-Trade platform. This points to the bank’s most direct move into individual crypto markets.
The new service will let customers buy and sell Bitcoin and other digital assets using their current brokerage accounts. Bloomberg reports that the project is still in the early stages but might launch next year.
Morgan Stanley is looking at partners to help set up the system for crypto trading. This move fits with growing interest from other traditional finance companies like Charles Schwab and SoFi, who are also looking into offering direct crypto trading.
If it works out, Morgan Stanley’s platform could help millions of individual investors get into Bitcoin. It could also boost demand for safe, regulated ways to invest in digital assets, especially as spot Bitcoin ETFs keep getting lots of new money.
At the time of reporting, Bitcoin is trading just under $100,000. It could act as a spark for mainstream acceptance.
Are Bitcoin’s Current Technical Patterns Signalling a Bull Market?
Bitcoin price remains in a rising trend that has been continuous since 2023, developing an upward channel. It is trading above the centreline of the channel formation.
Traders are closely watching the MVRV ratio as it gets near the 1-year simple moving average. This indicator has given reliable signals for big rallies in the past.
However, the RSI (Relative Strength Index) is rising steadily, but exceeding the oversold boundary. This clearly shows that the market has more potential to rise.
According to the experts, if Bitcoin price surpasses the $100,000 level with a better volume, it could start a quick upward shift.
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Disclaimer: We at Bitcoinik.com present you with the latest information in the crypto market. However, this information should not be regarded as financial advice, and viewers should consult their financial advisors before investing.
