Bitcoin’s current price movement shows a narrowing trend that mimics past breakouts followed by strong rallies.
The chart shows three similar flag patterns and each one has led to large moves toward new high price levels.
If Bitcoin breaks above the channel near $111K it could swiftly move toward the $120K resistance area.
Bitcoin’s latest chart shows a recurring trend with a strong breakout potentially underway as it targets the $120,000 level. The pattern resembles past bullish moves, each forming after a descending consolidation channel. The image shared on July 4, 2025, marks Bitcoin trading near $107,500 after briefly hitting $109,799.
https://twitter.com/matthughes13/status/1941212149390639296
Three breakout phases are highlighted. The first occurred after a long-term horizontal resistance was broken in late 2024. This sparked a steep rally toward $90,000. A similar breakout happened in early 2025 when Bitcoin broke out of another downtrend range.
A third breakout is now anticipated. Bitcoin is seen inside a narrowing channel, slightly tilted down, following a pattern similar to the previous breakouts. Each rally formed after a cooling phase inside descending resistance channels. Green arrows on the chart signal rising momentum and a pattern that may push BTC well above $115,000 if the breakout confirms.
Past Performance Hints at Potential Repeat
Technical observers note that history may not repeat exactly but tends to rhyme in crypto markets. Each bullish move has emerged from a descending formation, where prices consolidated for weeks before rising sharply. The first consolidation zone spanned over 120 days before Bitcoin broke out above $38,000 in October 2024.
The second breakout followed a 75-day downward channel. Bitcoin rebounded strongly, pushing past $100,000 by March 2025. The current pattern, now in its 60-day phase, mirrors the previous two, only narrower and shorter in length.
The commentary beside the chart raises a key point—each rally seems to show less power. A user asked why “the moves are getting smaller and smaller.” In response, the chart’s poster noted Bitcoin had “a lot of excitement and needs some time to cool off before the next eruption.”
This signals reduced volatility in upward legs. The slope and range of each rally have narrowed, possibly due to reduced retail participation or institutional caution. Still, the overall structure of bull-flag formation remains visible.
Will Bitcoin Confirm the Pattern and Break Above $115K?
The pivotal question now is simple: will Bitcoin repeat its past structure and break out toward $120,000 in the coming weeks?
Price action suggests a third breakout is forming. As of the chart’s latest data, Bitcoin trades at $107,527 with a slight -1.93% dip on the day. Yet support holds firm, and buyers seem to defend the lower trendline.
If the upper boundary of the channel near $111,000 breaks, momentum could lift BTC swiftly toward the next resistance between $118,000 and $120,000. The green arrow projected on the chart signals this path, assuming buyers reclaim strength.
Market watchers note the pattern's consistency. Each breakout followed a correction phase, a reset in sentiment, then a fast upward move. Bitcoin’s repeat behavior shows possible algorithmic trade patterns or institutional strategies at play.
