"100% chance of repeating an upward pattern for 13 years"...Bitcoin, a 30% rally if it surpasses 'this point'

▲ Bitcoin (BTC), Rise/ChatGPT Generated Image

Bitcoin (BTC) is at a turning point for a historic rally, nearing a critical support level that it has maintained without exception in every past bull market.

According to cryptocurrency media outlet Bitcoinist on April 26 (local time), Bitcoin is continuing its gradual recovery after hitting a low of $61,303 in February. Statistically, if Bitcoin successfully rebounds by 30% from a cyclical low, it has historically not breached that low again, instead moving towards a new high. Over the past 13 years, this rule has shown a 100% success rate across six market cycles, acting as a strong signal of support.

Isaiah Douglass, a historical data analyst, diagnosed that the same pattern is highly likely to repeat in the current cycle. If Bitcoin breaks past $79,694, which is a 30% increase from its low, it will enter a full-fledged bull market without further testing of lower levels. In past market crashes in November 2011, January 2015, and March 2020, Bitcoin never returned to its previous low after a 30% rebound.

Currently, Bitcoin is maintaining the $78,000 level and attempting to break through the final confirmation zone of $79,694. It has recovered approximately 28% from its low, with only about 2.7% additional increase remaining to reach the target price. Once this level is surpassed, market uncertainties will disappear, and a phase dominated by strong buying conviction will begin. The fact that Bitcoin holdings on exchanges are hitting historic lows also supports a price increase due to supply shortages.

The accumulation behavior of whale investors also adds weight to this statistical reliability. In the past 30 days, large wallet addresses have purchased an additional approximately 270,000 BTC, marking the largest monthly accumulation since 2013. Institutional investors are rapidly absorbing market liquidity by combining Bitcoin spot ETFs with corporate-level purchases. As the market structure shifts from retail trader-centric to institution-centric, the price floor support has become even more robust.

The Bitcoin market is now ready to complete past patterns and move towards uncharted highs. Reclaiming $79,694 is expected to be a symbolic event, going beyond a mere price increase to reconfirm a historical law. Market participants are watching to see if this weekend's volatility will act as a catalyst to complete the 30% recovery rule. If Bitcoin successfully breaks through resistance, the strongest Q2 bull market in history is expected to unfold.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*