Bitcoin Price Prediction: This Rare Pattern Just Flashed — Could $120K Come Sooner Than Anyone Thinks? 

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Arslan Butt

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Arslan Butt

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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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Last updated: 

May 20, 2025

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Bitcoin is consolidating above $104,000 and is currently at $104,896 with a 24 hour gain of 0.87%. Market is getting more confident with rising accumulation across all investor groups. According to Glassnode, Bitcoin’s Accumulation Trend Score is rising especially among whale cohorts.

Addresses holding 100-1,000 BTC and 1,000-10,000 BTC have high accumulation scores of 0.9 and 0.85 respectively while even retail holders with less than 1 BTC are joining in at 0.55.

This suggests long term conviction despite short term volatility. The only group still in distribution is 1-10 BTC but overall accumulation is strong and indicates market participants are positioning for a breakout.

Historically similar accumulation heatmaps (transitioning from blue to red) have preceded major price rallies.

Key accumulation insights:

• Large holders (100-10,000 BTC) are buying
• Total market cap is $2.08 trillion
• BTC supply is nearing 21M with 19.86M already in circulation

RSI Divergence Creates Urgency for Bitcoin Bulls

While accumulation signals are bullish, momentum indicators are flashing a warning. Analyst Bluntz pointed out a bearish divergence on the daily RSI, which could hurt the bulls if confirmed.

This happens when price prints a higher high but RSI makes a lower high – indicating weakening buying strength.

Bitcoin analyst Matthew Hyland said the same on the weekly chart. He said Bitcoin must move to $120K-$130K in the next few weeks to maintain RSI structure and prevent a larger pullback. If not, it could trigger a weekly bearish divergence and derail the current rally.

“Bulls must push the weekly RSI above December 2024 highs to remain in control,” Hyland said. This divergence could be a speed bump for further gains – unless price action accelerates soon.

Bitcoin Technical Setup: Buy the Dip Still Intact

Despite RSI headwinds, Bitcoin’s technicals on the 2 hour chart are still bullish. Price is respecting the ascending channel since early May.

After bouncing from both the lower trendline and the 50 period EMA at $104,358, bulls took control with a spinning top followed by a bullish engulfing candle.

Earlier a three white soldiers pattern preceded the move to $107,000. If BTC gets back to $105,500, the targets are $107,000 and $108,600 – the top of the channel.

Bulls Trade Setup:

• Entry: $104,250-104,350 (buy the dip zone)
• Stop Loss: $103,800
• Target: $107,000-108,600
• Bias: Bullish if higher lows and EMA support holds

MACD is still soft but showing signs of reversal as the histogram bars contract.

Conclusion:

Bitcoin’s RSI divergence and whale accumulation is a mixed but key setup. If bulls can break $108K, the move to $120K may happen faster than you think.

BTC Bull Token Nears $6.98M Cap as 71% Staking Yield Drives Demand

As BTC holding near $104K, investor focus is shifting toward yield-generating altcoins—none more so than BTC Bull Token ($BTCBULL). The token has now raised $6.01 million out of its $6.98 million presale goal, with a price increase looming as it enters its final funding stretch.

What sets BTCBULL apart is its flexible staking model, offering an estimated 71% annual yield with no lockups or withdrawal penalties.

This approach gives investors the freedom to earn passive income while maintaining full liquidity—an attractive alternative to traditional DeFi staking protocols.

Key Stats:

• USDT Raised: $6,015,311/ $6,981,682
• Token Price: $0.00252
• Staking Pool: 1.47B BTCBULL
• Yield: 71% APY

BTCBULL merges the viral appeal of meme tokens with the real-world utility of DeFi, making it a standout pick for those looking to capitalize on the 2025 crypto cycle.

With under $1 million left before the next price tier, entry at current levels is limited—fueling urgency among retail investors seeking early access to passive yield.