On-Balance Volume Indicator Predicts Bitcoin Growth to $130,000
Date: 2025-06-20 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
Despite the fact that the Bitcoin price has recently fluctuated in a narrow range from $103,000 to $111,000, the On-Balance Volume (OBV) indicator has been showing steady growth. This indicator reflects the activity of buyers and sellers: an increase in OBV indicates that buyers dominate, and a decrease indicates the prevalence of sellers. Expert Kas Abbe emphasized that if the current trend continues, Bitcoin may break through the upper limit of this range and head to new peaks.
Market history confirms that such periods of consolidation often end with sharp price jumps, especially when the growth of OBV confirms the strength of buyers. For example, in March and April, Bitcoin was trading between $76,000 and $84,000, and during this time, the OBV began to show higher lows. After that, a strong rally began, and by May, the price exceeded the $110,000 mark, an increase of almost 60%.
In parallel, a trader under the nickname Bobby A noticed a “bullish flag” forming on the weekly chart - a pattern that usually foretells further growth after a short-term pause. This is another signal in favor of further price growth.
Analyst and founder of MN Trading Michael van de Poppe presented a short-term view of the market. He allows for a possible test of the $106,000 mark, after which he expects further growth, given that the market has already reacted to the June Federal Reserve meeting and returned to normal trading conditions.
In addition, Binance founder Changpeng Zhao expressed confidence that Bitcoin could reach $500,000 and even $1 million in this cycle. Optimism is also supported by Standard Chartered analysts, who recommend buying Bitcoin and predict that its price will rise to $120,000 by the fourth quarter.
Thus, against the backdrop of growing balance sheet volume and technical patterns, a favorable picture is emerging for significant growth of the first cryptocurrency in the second half of 2025. However, traders should closely monitor changes in the market in order to respond to possible corrections in time.
