Bitcoin Price Surge Meets Resistance Yet Charts Signal Parabolic Rally

Crypto traders are once again looking back at history for signs of what’s coming next.

A new analysis compares today’s BTC charts with the famous 2017 bull run, and the similarities are hard to ignore.

Both patterns look almost identical, and according to this view, the cryptocurrency has now reached “Target 4.” In 2017, this stage marked the start of the final explosive rally.

If the pattern holds true, many believe a new Bitcoin price surge could be around the corner, possibly driving BTC to new highs much faster than expected.

Source: X (formerly Twitter)

Arthur Hayes Predicts Bitcoin to $200,000

BitMEX co-founder Arthur Hayes is one of the strongest voices behind this bullish outlook. In a recent interview, he said he doesn’t buy into the traditional four-year BTC cycle anymore.

Instead, he thinks global money flows and massive liquidity injections from central banks will fuel it’s next rise.

Hayes believes this could lead to a Bitcoin price surge far beyond previous limits, with levels between $150,000 and $200,000 before the end of the decade.

His advice to investors? Stay calm and look past the short-term noise.

Current Price Struggles and Technical Resistance

Despite the excitement, The digital currency hasn’t had an easy week.

• The price slipped 0.8% in the last 24 hours to $115,133, while the broader crypto market also turned red.

• The main problem is the $118,600 resistance zone, where BTC has been rejected three times this month.

• Trading volume spiked by more than 30%, showing sellers are active.

• If it drops below $114,269, analysts warn it could slide toward $112,933.

Still, such dips often happen in bull markets, shaking out weak hands before the next Bitcoin Price surge.

Source: CoinMarketCap

The coin is currently trading at $114,952 with a decrease of 0.83% in the last 24 hours as per the CoinMarketcap .

Market-Wide Dip and Altcoin Rotation

It wasn’t just BTC under pressure. The entire crypto market lost nearly 2% of its value, with it’s dominance slipping slightly to 57.37%.

This shows traders are shifting money into altcoins, with coins like Ethereum, Dogecoin, and BNB gaining attention.

Michael Saylor and Whale Accumulation

Meanwhile, MicroStrategy’s Michael Saylor has once again teased the idea of adding more of this cryptocurrency to his company’s holdings. His simple message, “Bitcoin deserves credit” was enough to spark speculation.

Saylor has already turned his company into one of the biggest Bitcoin whales, and if he buys more, it would signal strong confidence from large institutions. This kind of whale activity often sets the stage for the next big move.

CPI Data and Fed Decision Loom Large

The macro picture will also play a huge role. All eyes are now on September’s inflation data in the U.S. Analysts expect it to come in at 2.9%. If it’s soft, the Federal Reserve is likely to cut rates by 50 basis points, which would weaken the dollar and support risk assets like BTC.

That could be the spark for another Bitcoin Price surge. But if inflation comes in higher, the Fed may hold off on rate cuts, and it could face pressure around the $110,000 support level.

Conclusion

Bitcoin is standing at an important moment. Short-term struggles and resistance are clear, but history, whale accumulation, and macro trends all suggest the setup for a major Bitcoin Price surge is still intact. The next few weeks will tell us if digital currency is truly ready to write its next chapter.