Bitcoin History Rhymes as Analyst Points Out Similarities with $180K BTC Price Target

Pooja Khardia
Updated
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Highlights

  • Bitcoin price surged 11% to $94.9k after the Donald Trump announced a U.S. Strategic Crypto Reserve.
  • Elliot wave analysis predicts that Bitcoin could hit $180k if it follows historical pattern.
  • Despite bullish momentum, retracement could happen due to CME gaps.

Bitcoin price has again entered an uptrend, reaching a $94.9k target earlier in the day. The latest surge is due to the U.S. President announcing a Strategic Crypto Reserve, which has sparked investor interest. However, another significant news is the emergence of a historical pattern, which could push it towards the $180k target. As the investors debate BTC’s future price target, let’s discuss what is coming.

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Bitcoin Price Rally and the Trump Effect

On Sunday, U.S. President Donald Trump announced the formation of the Strategic Crypto Reserve, proving his commitment to his pre-election promises. Although Congress has yet to confirm this, investor sentiments were booming with optimism, sparking a market rally.

Trump’s statement read:

A U.S. Crypto Reserve will elevate this critical industry… my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA.

trump

With this announcement, the Bitcoin price surged 11%, hitting a day high of $94.9k. Altcoins like Ethereum, Solana, Cardano, etc, surged as they would be adopted into the U.S. Strategic Crypto Reserve.

This move alone could bring BTC price to new highs due to increased institutional adoption, credibility, and regulatory clarity. Interestingly, historical trends also indicate a potential rally.

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Elliott Wave Analysis Suggests Bitcoin Price to Target $180K

A crypto analyst, Tony, pointed out several similarities between the BTC’s current price action and its historical cycle. The analysts used the Elliott Wave theory and found similarities between this token’s 2023 price rally and the ongoing 2025 rally before predicting the $180,000 target.

According to the charts, Bitcoin saw expansions in waves 1 and 3, which explains the parabolic rise in both cycles. This rise was followed by a correction to fill the CME gap. Additionally, there was a wave four retest, under which the BTC price retraced to a key support level in both charts. An uptrend formed after filling the significant CME gap.

Btc price rally

Based on that, the BTC could hit $180,000 if it followed the 2023 wave 5 surge. Interestingly, the Bitcoin price chart analysis revealed a striking resemblance between those two cycles, reinforcing the theory that Bitcoin history does not repeat but rhymes.

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Will This Rally Continue?

Bitcoin has consolidated significantly since its prime and currently trades at $92.6k. Despite this, its trading volume is still high, at $75.06B, after a 240% surge, showing investors’ high interest, which could play a significant role in the continuity of the price rally.

However, a few other factors must be considered, especially as analysts warned about the CME gap at $84,650-$94,000. This could be a magnet for the retracement, so investors must watch this level.

Bitcoin gap

Additionally, the BTC’s current price action reveals that the token is entering a re-accumulation phase. With that, they could break out to a level at $104,500.

Bitcoin History Rhymes, What to Expect?

The current scenario reveals that both technical and fundamental factors are fueling the ongoing BTC price rally. After an 11% surge today, the Elliott wave suggests a potential surge to $180k.

Interestingly, multiple theories and analysts have predicted the same for 2025, so the credibility of this Bitcoin price prediction is high. However, caution is important due to the high volatility and the CME gaps acting as critical price levels. If history repeats itself, the price will reach $180k in the next few months.

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Frequently Asked Questions (FAQs)

1. Why did Bitcoin's price surge 11% today?

The Bitcoin price surged after the U.S. President announced the Strategic Crypto Reserve, including Bitcoin, Solana, Ethereum, and other altcoins.

2. How high could Bitcoin surge per Elliot wave analysis?

Elliot wave analysis suggests that Bitcoin's price could hit $180k if it follows 2023 trends.

3. What could impact the BTC price rally?

Analysts believe a potential retracement could happen due to CME gaps between $84,650 and $94,000.
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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.