Expect a Potential Deep Bitcoin Price Adjustment Preceding a Fresh All-Time High
In the world of cryptocurrency, Bitcoin continues to make headlines as analysts predict a potential price pattern that could bring about heightened volatility.
As of December 26, 2024, Bitcoin is trading at $93,650, reflecting a 1.5% decline over the past 24 hours. This slight dip comes as 10x Research reiterates their expectations for increased volatility in Bitcoin.
One analyst, Axel Kibar, has targeted a price of $80,000 for Bitcoin, anticipating the completion of a "head-and-shoulders" pattern. This pattern, if it materializes, could signal a potential reversal in Bitcoin's price.
However, the Relative Strength Index (RSI) has not yet reached oversold levels, leaving room for bearish movement. This is further supported by the Crypto Fear & Greed Index, which dropped to 65 points, marking its lowest level since October 15, 2024.
Technical analyst Peter Brandt and CryptoQuant founder Ki Young Ju have both suggested that Bitcoin's price might follow the "Hump Slump Bump Dump Pump" model. While this term is not formally defined in the mainstream technical analysis or trading literature, it likely refers to a sequence of price movements showing an initial rise, followed by a decline, recovery, drop, and concluding rebound.
The price of Bitcoin has fallen below the 20-day moving average and is heading toward the 50 DMA, which is converging near $80,000. This could potentially act as a support level if the "Hump Slump Bump Dump Pump" pattern holds true.
In contrast, QCP Capital previously noted the absence of a Christmas rally for Bitcoin, and K33 Research highlights a high probability of the bull run's peak forming on January 17.
Looking ahead to the current Bitcoin market trend in August 2025, analysis indicates a consolidation phase with bullish undercurrents. Bitcoin's price remains strong above $115,000 after record highs in July 2025, with bullish momentum suggesting potential further gains toward $120,000 and even $135,000.
The market sentiment is moderately bullish, with a Fear & Greed index in the greed zone (score 62). Long-term investors and large holders ("whales") remain active, accumulating Bitcoin and signaling confidence amid some retail caution. Recent dips have helped cool overbought conditions, potentially setting the stage for another upward leg.
Bitcoin volatility is somewhat lower than prior bull runs due to institutional involvement, suggesting a more mature market with less extreme swings but sustained demand.
In summary, while the exact "Hump Slump Bump Dump Pump" pattern is not formally defined, the current Bitcoin market in August 2025 is characterized by a consolidation phase with bullish undercurrents and active accumulation from big players. This aligns well with a potential multi-phase price movement including rises, corrections, and rallies typical of such a pattern concept.
Whether or not Bitcoin will follow this pattern remains to be seen, but the recent market data and forecasts support a bullish outlook with volatility that may produce the ups and downs implied by the described pattern sequence.
The potential "Hump Slump Bump Dump Pump" pattern in Bitcoin's price movement could indicate a series of rises, declines, recoveries, drops, and rebound, as predicted by analysts Peter Brandt and Ki Young Ju. As Bitcoin's price is currently heading towards the 50 DMA near the anticipated support level of $80,000, technology continues to play a crucial role in shaping the future price trajectory of Bitcoin.
