Bitcoin: Bullish pattern emerges with 78% probability… is it close to hitting a new all-time high?

A strong and reliable Bitcoin price pattern has emerged on the daily chart, raising the possibility of a new all-time high for BTC.
On the 26th (local time), Cointelegraph reported that Bitcoin was showing a reversal signal.
They reported that 78% of the commonly used "bullish engulfing" candle patterns created new local highs.
According to reports, Bitcoin rose 4.34% in one day on Monday, the 23rd, forming a bullish encircling trend, which broke the two-day bearish trend from the previous day.
In particular, the price closed two consecutive days above the $105,000 support level, raising the possibility of a structural change in the market and providing fuel for the recent rebound.
However, despite the technical rebound signal, market sentiment remains mixed. That is why Cointelegraph is assessing the reliability of this pattern.
To evaluate, we compared all bullish Engelping patterns that have emerged on Bitcoin’s daily chart since 2021.
In this analysis, we looked beyond the mere appearance of engulfing patterns to additional conditions.
First, the candle must contain at least two previous candles, appear at the end of a correction, and indicate a possible trend reversal.
If a clear structural breakout does not occur after the above, the validity of the upward momentum cannot be recognized.
In fact, it was found that the success rate was about 78%. Notably, all of these cases occurred during broadly bullish markets.
In March 2020 and March 2025, this pattern was recorded as a failure as it did not lead to a high. Interestingly, this pattern also appeared four times in the 2022 bear market, but all of them did not lead to a high.
Notably, three of these were concentrated in February 2022, highlighting the significant decline in the reliability of this pattern amid the downtrend.
Ultimately, in light of the current overall bull market trend, this bullish pattern is being taken as a strong signal that Bitcoin is on its way to new highs again.
If the trend continues, BTC may retest the $100,000 mark after hitting an all-time high in the short term. Meanwhile, in terms of Bitcoin liquidity, we may see unprecedented growth after the end of 2022.
At the time, the market panicked, but Bitcoin nearly doubled in three months after hitting a low of $16,800.
The latest data from indicates that current liquidity levels are similar to those in December 2022, suggesting the potential for a strong rebound.
Of course, the current macroeconomic environment, market participants and triggers are different from those of the past.
While different, the basic principle remains valid: a return to liquidity will lead to higher BTC prices. Recent inflows have confirmed Bitcoin’s status as an increasingly mature macro asset.
The $544 billion in inflows since the cycle's low in November 2022 have brought the Bitcoin network's internal liquidity to its highest level ever.
All these indicators taken together make it increasingly likely that Bitcoin will reach new all-time highs in the near future.