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A side-by-side comparison of Bitcoin usd price movements on Coinbase and Binance from 2024 to 2025 reveals striking similarities to the patterns observed in 2023.
On both charts, Bitcoin experienced a sharp breakout from the consolidation phase. It is characterized by a pronounced pattern of accumulation within a defined trading range.
The $90K level for 2024 and the $36K level for 2023 highlighted areas of significant buying activity. This pushed prices higher above previous resistance levels.
On the Coinbase chart, after a prolonged sideways movement within the channel, BTC decisively broke through the ceiling around the $90,500 mark.
This move was reflected on Binance’s chart. After a similar consolidation, prices broke through the same price level, repeating the momentum seen on Coinbase.
This repeated pattern suggested that Bitcoin could be poised for another significant rally. It could be in similar conditions to 2023.
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If the trend follows historical precedent, BTC could potentially rise towards $150,000 by 2025.
This would require continued buying pressure and positive market sentiment, supporting a rise of this magnitude, especially if macroeconomic conditions align favorably.
Bitcoin USD open interest growth
The Bitcoin open interest (OI) heatmap on Binance highlighted critical zones around $95,250 and $94,450, where significant trading activity converged.
These levels emerged as crucial during the last week of December, indicating their role as major support and resistance thresholds.
This pattern was particularly noticeable after the sharp drop in OI that occurred just before the consolidation between these levels, indicating that a consensus was being reached around these prices.
The concentration of OI at these points implied a strong market response. Either a strengthening of the BTC price after a successful defense of support or a capping of potential gains at these resistance markers.
Frequent moves to $95.25k followed by pullbacks emphasized its role as a temporary ceiling for the price. While $94,400 acted as a floor, mitigating further declines and encouraging rebounds.
If these levels are decisively broken with sustained trading volume, it could signal a stronger move towards the long-awaited target of $150k.
This would require overcoming these established resistance points, turning them into new supports in a continued bullish scenario.
Bitcoin USD Weekly OBV
The Bitcoin balance weekly volume chart shows that OBV is retracing the trend last seen in late 2020. The same thing happened when Bitcoin price was around $20,000.
During this period, a sharp upward spike in OBV preceded significant price increases, indicating a correlation between volume accumulation and subsequent price increases.
In the current setup, OBV has broken key levels within its channel, mirroring the movements from that key period in 2020.
This was seen where the OBV reaches highs within the upper channel lines, marking similar tops and subsequent pullbacks.
Since the end of December 2024, OBV has again approached those upper limits, indicating increased trading volume and potential buying pressure.
If this trend remains true to its historical precedent, the likelihood of Bitcoin usd reaching a new high of $150k becomes likely.
The chart indicates potential near-term tops around these high OBV levels, particularly at the points where the OBV intersects with the upper channel line, currently seen near the $95,000 range.
This pattern suggests that if OBV continues its uptrend and breaks the current levels, BTC could see significant bullish momentum, which could propel it towards or even above the $150k threshold as 2025 progresses.
