Bitcoin To Hit $100K Again? Experts Draw Stunning Parallels to 2017 Explosion!

Signs are pointing at a potential Bitcoin recovery in the second quarter of 2025. The first quarter has been abysmal for the coin so far. This BTC price prediction comes to the forefront, with analysts pointing to historical patterns similar to its 2017 explosion. After a turbulent phase, it is currently trading around the $83,000 mark, with modest daily increases contributing to the Bitcoin recovery to the $84,000 resistance level.

Analysts Draw Historical Parallels: Can Bitcoin Repeat 2017 Heroics?

Analyst Ted Pillows has highlighted certain similarities between Bitcoin’s current price movements and its performance during 2017. Pillows said, “BTC’s real gains during Trump’s first presidency started after Q1 2017. For the first two months, BTC just consolidated in a range similar to now,” he noted. In 2017, Bitcoin exploded, going from $1,400 in April to an all-time high of $20,000 by December. If this pattern holds this year, Bitcoin will experience strong bullish momentum in the coming months.

Adding to this wave of optimism, Jamie Coutts, Chief Cryptocurrency Analyst at Real Vision, has predicted a new peak for Bitcoin by mid-2025. Coutts’ bullish insight comes from favourable economic factors such as higher liquidity injections from central banks and the weakening of the U.S. dollar. 

Technical Indicators Tell A Different Story

Despite these optimistic predictions of a Bitcoin recovery, some analysts remain cautious about Bitcoin’s short-term movements. Rekt Capital pointed out in a Bitcoin price analysis post that BTC failed to confirm a breakout from its triangular market structure and is likely “sentenced to a bit more consolidation between the 21-week and 50-week EMAs”. They further added that this consolidation could be followed by an uptrend taking Bitcoin beyond $90,000. 

To add to that, Bitcoin’s RSI has also broken out of a multi-month downtrend, signaling growing bullish momentum. Crypto analyst Robert Mercer is also of the view that this could push BTC above $100,000 in Q2 of 2025. As optimistic Bitcoin predictions ensue, let us take a look at the BTC price analysis ourselves to find out the latest patterns and trends. 

Bitcoin Price Analysis: BTC Makes Strong Case For Recovery

The coin started yesterday at $82,338. Going on a downtrend from the previous day, Bitcoin fell to the $81,309 support amidst fluctuations. The price rapidly bounced back, going to $82,170 due to the rapid MACD interactions. However, the resistance line was seen falling while the support line rose, forming a converging triangle. This resulted in a positive breakout, with Bitcoin going to $82,824 from $81,423 at 04:25 UTC within an hour. BTC soon faced strong rejection at the $82,824 mark, and its movements were confined to a range.

Chart 1: analyzed by raodevansh18, published on TradingView, April 1, 2025

After a downward breakout from this range, Bitcoin was helped into an upward channel by a golden cross at 10:15. Rapid action followed on the MACD, as the price plunged and then jumped higher. By 15:25, Bitcoin was trading at $83,769. A downward channel was observed shortly after, with BTC slumping to $82,656 by 18:00 UTC. The downward movement continued till 22:55, with the price at $82,300. The RSI read ‘oversold’ at this point. This led to a trend reversal. Soon after, Bitcoin started a stable uptrend, going all the way to $84,460.

BTC Price Prediction: Will Bitcoin Sustain the Bullish Momentum?

Bitcoin has not been able to hold on to its peaks in the past. Today’s price action is the first semblance of recovery from the recent slump. As of now, the RSI is looming close to the overbought region, and a death cross has already been seen on the MACD. This means that a price correction is on the way for Bitcoin. However, seeing Bitcoin’s stability despite these factors suggests a strong bullish setup for further gains.