Has Bitcoin's bull season started? An in-depth technical analysis overview

2026-02-04 15:17:49

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Recent movements in Bitcoin’s price raise the question of whether the long-anticipated bull season has truly begun. Considering the current price levels (74.82K$), market participants are analyzing historical data to predict future movements.

Historical Comparison with Rainbow Chart

The Rainbow Chart, frequently used by technical analysts, shows the levels Bitcoin has reached during past bull seasons. It has been observed that during each significant bull period, the price surpasses a critical level called the red zone and then experiences sharp increases. Comparing with past seasons, if a similar scenario repeats, target levels are between $150,000 and $190,000.

Price Targets and Market Dynamics

From a technical analysis perspective, the $150,000 level appears to be a quite realistic target. Movements above this level could represent more volatile and higher activity during the final stages of the bull season. Considering market dynamics, macroeconomic factors and institutional investor flows will play a decisive role in this scenario.

Expectations from a Technical Perspective

To answer whether the bull season has started, not only price targets but also market momentum and participant behavior should be monitored. While the Rainbow Chart and other technical indicators provide strong signals, these predictions may vary depending on market conditions. More detailed market assessments will be shared in the continuation of the analysis series.

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