The typical four-year cycle for Bitcoin is expected to conclude soon, but an increase in ETF demand, organic accumulation, and promising technical signals indicate that BTC’s price may continue to rise for an extended period.

Key Highlights:

• Significant inflows into Bitcoin ETFs and increasing accumulation across various investor demographics suggest that the current rally is in its early stages.
• Bitcoin ETFs recorded $2.2 billion in net inflows within a week, marking the second-highest in history.
• Analysts predict price targets between $450,000 and $500,000 based on a distinct ‘cylinder’ chart pattern.

On Thursday, Bitcoin (BTC) displayed remarkable volatility as market participants awaited remarks from U.S. Federal Reserve Chair Jerome Powell at the 2025 Community Banking Research Conference in Kansas City.

Despite the macroeconomic factors at play, analysis of on-chain and technical data suggests that Bitcoin’s ‘supercycle’ is merely beginning.

ETF Inflows as Supportive Factors

After bouncing back from lows around $108,000, Bitcoin surged over 16%, reaching an all-time high exceeding $126,000 last Sunday.

The recent price surge was driven by strong interest in Bitcoin exchange-traded funds (ETFs), which saw net inflows of $2.2 billion last week, according to Glassnode.

“The resurgence of institutional interest has absorbed available spot supply and enhanced market liquidity.”

Translation: This new influx of institutional support significantly boosts available supply in the market, contributing to increased liquidity overall.

Historical data showcases a correlation between ETF inflow periods and significant Bitcoin rallies. Analysts at Glassnode highlighted that sustained ETF counts through the autumn months might provide ongoing support, strengthening market confidence and potentially influencing prices positively as the year progresses.

Organic Accumulation Trends

Additionally, major Bitcoin investors, or whales, have started stockpiling more coins even amid rising prices. Glassnode’s data indicates that the Bitcoin Accumulation Trend Score (ATS) is approaching 1, suggesting vast accumulation efforts by substantial entities.

Small to medium holders—those possessing between 10 and 1,000 BTC—are also noted to have ramped up their acquisitions consistently over the past weeks, which suggests a deeper, more sustainable buying trend. This aligns with prior accumulation patterns linked to prior price peaks.

Price Analysis

Bitcoin has formed a particular chart pattern known as Jesse Livermore’s Accumulation Cylinder on the monthly time frame, hinting at the beginning of the supercycle.

“Bitcoin’s supercycle is beginning to unfold,” remarked analyst Merlijn The Trader, identifying upcoming phases in price targets that approach $450,000 and $500,000 respectively.

As prior analysts like Bitcoinsensus observe, Bitcoin is mirroring historical Q4 behaviors that have led to significant rallies, suggesting a potential upcoming breakout.

As reported by Cointelegraph, various indicators point to Bitcoin having more space for growth, with a cup-and-handle formation forecasting further price increases.

Note: This article does not serve as investment advice; all trading carries risk, and readers are encouraged to conduct personal research before making decisions.