SuperBro Predicts Major BTC Rally: Are You Ready for the Next Leg Up?
Over the past week, there has been a noticeable increase in the price of Bitcoin, which has risen from below $104,000 to over $110,000. The current price of Bitcoin is $109,176, up 1.30% over the previous day and 2.42% over the previous seven days. Based on an inverted ascending scallop pattern, analyst SuperBro predicts that Bitcoin may be set up for a larger surge after this one, possibly hitting new highs.
Technical Analysis Points to Major Bitcoin Rally After Recent Rebound
According to the analyst’s chart analysis, Bitcoin‘s weekly price chart has formed an inverted ascending scallop pattern. Beginning with an increase from $49,500 in August 2024 to a peak of $109,000 on January 20, 2025, this pattern develops in stages. After that, in early April, Bitcoin fell to $74,400 before rising again. With more price rises anticipated in the final phase, this rising trend has taken the price back to a level close to the January peak.
Analyst Eyes $148K and $244K Bitcoin Targets
SuperBro notes that Bitcoin would confirm the inverted ascending scallop pattern, which he has been monitoring since February 2025, if it posts a weekly close over $109,358. The analyst offers two possible Bitcoin price targets, which is interesting.
$148,000 is the conservative goal, which is determined by a linear estimate. 64% of the price differential between points A and B is used to determine this goal. On the other hand, the more aggressive logarithmic objective indicates that Bitcoin might hit $244,000. As the market is probably set to make a parabolic surge, the analyst said that it is feasible that Bitcoin will reach $130,000 this week.
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