Key points:
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78% of Bitcoin’s bullish eating patterns have led to new local highs since 2021, especially in a broader uptrend.
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Since November 2022, Bitcoin has absorbed more than $544 billion in capital, pushing the realized market value to $94.4 billion.
Bitcoin (BTC) closed on Monday, up 4.34% daily, forming a bullish swallowing candlestick that completely reversed bearish price action from the previous two days. This model, as well as BTC maintains support for more than $105,000 for two consecutive days, suggests a possible shift in the market structure and adds to the ongoing recovery.
Despite the optimistic technical settings, market sentiment remains divergent, prompting more in-depth inspections. To assess the reliability of this pattern, CoIntelegraph conducted a comparative analysis of all bullish phagocytosis patterns on the daily chart of BTC.
While the bullish phagocytosis pattern is the main signal, other criteria are used to verify its strength:
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The swallowed candle must contain at least the first two candles.
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This pattern should appear at the end of the correction phase, indicating a potential trend reversal.
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In the session after the phagocytosis mode, a significant structural rupture should be observed to confirm bullish momentum.
Since January 2021 Bitcoin 19 examples of bullish phagocytosis patterns were recorded, meeting the confirmation criteria. Of these, 15 resulted in the formation of new local highs in the next few days or weeks, which translated into a historical success rate of about 78%.
It is worth noting that all 19 instances occur in a wider bull market environment. In 2024 and 2025, in May 2024 and March 2025, there were only two failed signals, and the model did not lead to new price highs.
Despite these exceptions, the current bull market structure shows that in a continuous statistically favorable environment, Bitcoin currently positioning can raise new highs before it is possible to retest the $100,000 level.
For a broader context, the same pattern was also observed in the 2022 bear market, where four occurrences were determined. None of these led to new highs, and in February 2022, three instances gathered.
This contrast emphasizes the importance of the trend context, as the effectiveness of this model has been historically limited by reduced restrictions, further enhancing the possibility of success with a higher success rate in the current bull market.
Related: Bitcoin Price Starts “Normal Health” Support Tests As $108K Stops Bulls
Bitcoin flashes “undeniable bullish” liquidity conditions
The Bitcoin market situation is flashing since the second half of 2022. Despite the widespread panic, BTC bottomed out at $16,800 and doubled in three months. Based on the latest data Swissblockliquidity levels have returned to what was seen in December 2022, suggesting a potential bullish continuation.
Despite changes in the macro environment, market players and catalysts, a fundamental truth remains consistent: when liquidity recovers, BTC prices follow. The current structure suggests that as capital flows into the system, Bitcoin can be positioned at a similar breakthrough.
The role of liquidity has developed significantly, which shows that Bitcoin is becoming increasingly mature as a macro asset. Since the cycle was low in November 2022, Bitcoin has absorbed more than $544 billion in new capital inflows, driving its internal network liquidity or achieving market capitalization of $94.4 billion.
Related: Bitcoin analyst says BTC price must be discounted by 112k
This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.
