- Bitcoin’s price has touched the red line in every major bull market, signaling peaks.
- The $211,000 level aligns with past rally patterns and strong technical indicators from historical data.
- Market shifts and external conditions may influence Bitcoin’s path, though trends suggest a possible price surge ahead.
Bitcoin could rise to $211,000 this bull cycle, as @ali_charts highlights historical price trends with Glassnode’s Investor Tool. Bitcoin’s past bull runs show that its price has consistently reached a critical resistance level represented by the 1130 DMA x5.
How Moving Averages Predict Bitcoin Peaks
The analysis centers on two critical moving averages that have accurately mapped Bitcoin’s market behavior during past bull cycles.
The 1130-Day Moving Average (DMA), shown as the green line, has historically acted as a reliable support level across all market phases. The 1130 DMA x5 multiplier, shown as the red line, represents the upper boundary where Bitcoin’s price peaks in bull runs. During past cycles in 2014, 2017, and 2021, Bitcoin’s price touched or surpassed this red line before eventually retracing.
On January 21, 2025, Bitcoin’s price stood at $106,159, with the 1130 DMA at $42,186 and the 1130 DMA x5 at $210,932. These figures suggest $211,000 could mark the potential high for Bitcoin during the current bull cycle if historical trends hold true.
The chart also highlights how Bitcoin’s price action between these two levels has consistently signaled accumulation phases followed by rapid price increases.
Historical Patterns Support a Bullish Outlook
Historical data shows that Bitcoin has reached the 1130 DMA x5 during every significant market rally, confirming its reliability as a key target.
This pattern aligns with prior price peaks that occurred during Bitcoin’s major bull markets, indicating that similar behavior may repeat. Notably, analyst Lark Davis observed that the $211,000 target aligns with the 3.618 Fibonacci retracement, further supporting this level as a technical milestone.
The red line has historically marked moments of euphoria in the market, and its consistency suggests that it may act as a strong resistance.
Though optimism is high, unpredictable market factors such as macroeconomic changes and regulatory decisions could still influence Bitcoin’s performance.
What This Means for Investors
The $211,000 target has sparked intense discussions within the crypto community, with many analysts validating this projection as realistic.
The Investor Tool, combined with Bitcoin’s historical patterns, has helped traders understand key levels and anticipate possible outcomes in this cycle. While Bitcoin’s price remains at $106,159, investors are closely watching these moving averages to identify possible entry or exit points.
