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The recent market downturn has not deterred analysts from maintaining a bullish outlook on the Bitcoin price. New reports from these market watchers suggest Bitcoin may be entering a new parabolic phase, potentially signaling the end of its prolonged correction. While one analyst points to BTC’s correlation with gold as a signal of a possible ATH, another applies an Elliott Wave analysis to set a new price target for the leading cryptocurrency. 

Bitcoin Price Prepares For $245,000 Parabolic Move

A recent technical analysis by Crypto Tice suggests that gold has taken the lead, while Bitcoin currently stands at a transition point. The analyst presented a weekly price chart tracking both assets, and showing how gold’s price movement could be used to determine Bitcoin’s next parabolic move to a $245,000 all-time high. 

The chart tracks gold and Bitcoin’s price action from 2016 through projected moves into 2026, showing a repeating pattern where uncertainty peaks in gold first. After which, capital flows into the precious metal, its price then breaks out and ranges, and then money rotates into BTC. Crypto Tice has said that this rotation phase has repeated in every market cycle.  

In the first cycle, from July 2017 to Q4 2018, gold climbed to an all-time high before trading in a narrow range, signaling broader trend exhaustion rather than a breakdown. Shortly afterward, Bitcoin launched a strong rally, reflecting a rotation of capital from the precious metal into a higher-risk asset. 

The same pattern appeared during the 2020-2021 cycle. Gold reached a new peak and stalled in a tight range, while Bitcoin followed with a powerful breakout to the upside. That surge aligned with another green profit rotation zone on the analyst’s price chart. 

On the far right side of the chart, Crypto Tice has revealed that gold has once again reached a record high in the current cycle and is consolidating inside a red range. At the same time, Bitcoin has already moved sharply higher and is now experiencing a modest pullback. The analyst calls this overlap a “transfer window” between the two assets.

Crypto Tice noted that this recent pause mirrors the same pattern seen in past cycles before Bitcoin staged a major price rally. The analyst has predicted that if BTC continues to follow this historical trend, it could soon enter a new parabolic phase, potentially triggering a price surge above $245,000.  

Elliott Wave Analyst Shares Next BTC Price Target

In a separate analysis, crypto market expert Merlijn the Trader has shared a video chart analysis showing a repeating Elliott wave structure that could indicate Bitcoin’s next potential bullish target. From late 2024 to mid 2025, BTC formed a five-wave pattern, creating higher lows and building a base that led to a significant price rally. 

According to Merlijn the Trader, Bitcoin is repeating this five-wave pattern in the current cycle. Waves 1 through 3 are already complete, showing higher lows, while Waves 4 and 5 are forming a base following a massive price crash. Once this stage completes, the analyst predicts BTC could rally strongly from its current price above $87,900 toward $124,000.

Over the weekend, volatility observed across the broader cryptocurrency market intensified, causing the price of Bitcoin to fall back to the $86,000 mark once again. Even with the bearish price action in the past few days, buying activity continues to pick up pace in the market, especially among large BTC holders.

Bitcoin’s Largest Wallets Show Conviction

Bitcoin’s price may have been struggling with heightened volatility as a result of the broader market bearish market action, but bullish sentiment remains present among investors. In the weakening condition, large BTC whales or deep-pocket investors’ sentiment turns positive and are steadily reentering the market.

Data from Santiment, a popular market intelligence and on-chain data platform, suggests that these major investors are building positions at an encouraging and steady pace, even though the broader momentum is demonstrating weakening conditions. In the past, long-term whale accumulation has typically happened in uncertain times when prices don’t accurately reflect underlying confidence.

Santiment noted that the buying activity is spotted among wallet addresses holding over 1,000 BTC. After months of consistent buying, the group has now collectively acquired about 104,340 BTC, which represents a more than 1.5% rise. 

As a result of the recent purchase, the investors’ overall holdings are currently sitting at 7.17 million BTC, marking their largest level since September 15, 2025. These wealthy investors are subtly consuming available supplies rather than distributing into recent market swings, indicating confidence in Bitcoin’s medium- to long-term potential. 

While buying pressure is growing among large Bitcoin holders, the number of whale transactions has also experienced a massive upswing. Santiment added that the amount of +$1 million daily transfers has exploded, reaching a 2-month high level.

A Continued Drop In BTC Open Interest

A continued drop in Bitcoin’s Open Interest is coinciding with the ongoing drop in price. Darkfost, a market expert and CryptoQuant author, highlighted that open interest is steadily declining, which does not support the emergence of a new trend as seen on the weekly change basis.

Since November, the metric has remained broadly negative, suggesting that the drop has continued for several weeks. Although there was a brief improvement earlier this month, it was followed by a price reaction. 

Overall, when open interest rises, Darkfost stated that it mostly signals trend continuation to even a trend reversal, triggered by an influx of long positions. Furthermore, this is confirmed with funding rates, but this is what happens in most cases.

On Sunday, as BTC displays a steady correction, deleveraging also increased. While this is bearish in the short term, these phases simultaneously aid in cleaning the market of excessive leverage. Thus, it is critical to remember that futures are still the primary source of volume, making keeping an eye on developments there an essential move.

Crypto analyst Darkfost has highlighted reasons why the XRP price could soon witness a bullish reversal and potentially reach new local highs. This comes amid bearish sentiment in the market, which on-chain analytics platform Santiment said could set the stage for a reversal in the altcoin’s price.  

Why The XRP Price Could Soon See A Bullish Reversal 

In a CryptoQuant blog post, Darkfost stated that negative funding rates signal a potential XRP price reversal. The analyst noted that the altcoin is currently trading around 47% below its all-time high (ATH) set in July last year. Furthermore, the altcoin is said to have naturally entered a phase of distribution and correction after a gain of over 600% since November 2024. 

Darkfost assured that this type of movement is healthy after such a strong rally for the price. He further remarked that what stands out is the timing of the bearish consensus, as it did not form at the top but rather during a drawdown of more than 50%. Now, there are predominantly short positions on XRP, with funding rates on Binance mostly negative since December, indicating that leveraged short positions have the upper hand. 

The analyst noted that historically, the market tends to move against a late consensus. As such, while the accumulation of shorts creates short-term selling pressure, it also builds latent buying pressure. Darkfost said that if the XRP price starts to rise, these short positions could be liquidated, fueling the upward move. 

He revealed that a similar pattern has occurred for the token price since 2024. The first was between August and September 2024, and the second was during the April 2025 correction, when funding rates turned negative for a period before a bullish rebound occurred. The analyst stated that this price rebound was due to a shift in investor sentiment and funding rates returning to positive territory. 

A Rally Starter For XRP

In an X post, Santiment stated that XRP traders are showing major FUD, which they claimed is usually a rally starter for the XRP price. The on-chain analytics platform revealed that the altcoin has fallen into ‘Extreme Fear’ territory, with small retail traders becoming pessimistic about the token after a 19% decline from its recent high on January 5th. 

Santiment noted that historically, this level of bearish commentary has led to price rallies. This is based on the belief that prices move in the opposite direction to retail’s expectations more often than not. The altcoin has dropped again following the recent decline in the broader crypto market, led by Bitcoin. BTC fell below $87,000 yesterday on the back of U.S. political tensions, government shutdown risk, and ahead of this week’s FOMC meeting. 

At the time of writing, the XRP price is trading at around $1.88, down in the last 24 hours, according to data from CoinMarketCap.

Investors are showing a steady faith in Bitcoin even as money moves elsewhere. According to Coinbase’s Charting Crypto Q1 2026 report, many big players think the current price is a bargain. The mood is cautious, but the view among large institutions leans toward holding for the long run.

Institutional Confidence And Behavior

Reports say about 71% of institutional investors view Bitcoin as undervalued when it sits between $85,000 and $95,000. Independent investors are not far behind, with 60% sharing that view.

A quarter of institutions felt the price was fair, and only a small share thought it was too high. These numbers show a strong tilt toward belief in future gains.

Gold And Silver Are Doing Very Well

Gold has climbed sharply, and silver has more than doubled since last October. That flow into metals has come as investors seek shelter while worries over global tensions rise.

Stocks have not surged as much; the S&P 500 has posted modest gains. The contrast is clear: some money went into traditional hedges instead of crypto.

Geopolitical Friction And Trade Signals

Reports note renewed tariff threats from US President Donald Trump and rising strain between the US and parts of the Middle East.

Such moves have been linked to market nervousness. If energy supply or trade routes are hit, risk assets often wobble. That makes Bitcoin more sensitive than usual to headlines.

Bitcoin Price Action In Context

Bitcoin has been trading in the high $80,000s. It briefly tried to hold above $90K but slipped back, touching nearer $86,000 at times.

Volatility has returned, and liquidations were seen after the big October move. Still, many technical analysts keep longer-term targets on their charts, arguing that the broader trend is not necessarily broken.

Institutional Game Plan

Reports say 80% of those large investors would either keep their stakes or add more if prices fell another 10%. More than 60% have already held or raised their positions since October’s peak.

Over half think the market is in an accumulation phase or still in a bear cycle, which explains why many prefer to buy on weakness rather than sell.

Macro Outlook And Possible Tailwinds

Coinbase expects the Federal Reserve to cut rates twice in 2026, an outlook that could help risk assets if it comes to pass. Consumer inflation has been steady and GDP growth looked strong in the last quarter. These conditions could nudge sentiment back toward risk-taking, though timing is far from sure.

The story is not simply bullish or bearish. On one hand, large investors show clear conviction and are willing to act on dips.

On the other, safe-haven flows and geopolitical shocks keep a lid on rapid re-rating. The near-term path is likely choppy, while the longer view depends on whether macro calm returns and whether demand for crypto picks up again.

Featured image from Unsplash, chart from TradingView