- Bitcoin’s symmetrical triangle near $109K mimics past breakout setups, with $112K acting as a critical resistance trigger.
- Price structure mirrors 2017’s supercycle, with $95K–$100K now firm support and growing institutional demand backing the rally.
- If Bitcoin stays above $100K, analysts anticipate a breakout to $120K–$140K, driven by consistent ETF inflows and minimal volatility.
The symmetrical triangle that Bitcoin is currently creating around $109,000 is reminiscent of past rallies brought on by geopolitical tension. Citing comparable formations from previous cycles that preceded significant bullish breakouts, analysts are keeping a close eye on this situation.
Triangle Consolidation Signals Technical Accumulation
As we can see from the post above, a bullish analyst is observing a familiar structure in Bitcoin’s current chart. The symmetrical triangle between $100,000 and $112,000 reflects tightening price action. This has formed lower highs and higher lows since May 2025.
According to CryptoWZRD, a previous pattern from October 2023 saw Bitcoin break out of a similar triangle. That setup followed the Iran-Israel conflict, pushing BTC from $27,000 to $49,000 in three months. The analyst suggests this new pattern could mirror that explosive breakout.
Bitcoin’s volume remains compressed during this phase, which indicates consolidation. When volume expands, a breakout often follows. A confirmed move above $112,000 would validate this bullish triangle and set the stage for another leg upward.
Historical Comparison to 2017 Fuels Sentiment
Looking at it from another angle reveals how current Bitcoin action aligns with its 2017 supercycle structure. The expert behind this comparison believes Bitcoin is repeating a decade-old rhythm, just on a larger scale. The ongoing rally already mirrors that exponential rise.
Source: (X)
According to Merlijn The Trader, Bitcoin’s behavior after flipping $70,000 to support resembles its 2017 breakout from $3,000. He notes how the $95,000 to $100,000 range has now become firm support. The path from $60,000 to $110,000 closely resembles BTC’s climb from $3,000 to $20,000 in 2017.
The analyst indicates that Bitcoin’s support levels are now stronger and hold more conviction. Institutional buying, consistent ETF inflows, and less volatility all signal a mature market. Each dip has been shallow and met with rapid rebounds.
Final Outlook: Observers Maintain Bullish Bitcoin Bias
The market structure still favors Bitcoin bulls. The $100,000 psychological level is acting as a launchpad. Historical performance suggests breakout potential if the current resistance breaks.
Analysts now expect Bitcoin to retest $120,000 in the coming weeks. If that level is breached, some are eyeing a macro move toward $140,000. The bullish momentum remains intact as long as Bitcoin holds above the $95,000-$100,000 zone.
Bitcoin’s repeated response to geopolitical triggers and its technical triangle formation suggests bullish continuation. The chart points to a possible breakout if the price closes above resistance with volume confirmation.
