Bitcoin price has once again approached its all-time high of around $109,000, trading at approximately $107,700 at the time of writing. Earlier this week, BTC made a similar attempt but was rejected near this key resistance, falling back to $102,000.
Now, the bulls are back, pushing Bitcoin right to the doorstep of a potential breakout. The big question everyone’s asking is simple: if BTC price finally breaks this level cleanly, how far can it go?
Crypto Patel, a crypto analyst on X, gave a detailed take on this exact situation on May 20. According to Patel, this moment is a critical pivot point for Bitcoin. He shared, “#Bitcoin at a Make-or-Break Level! $BTC is now trading very close to its ATH, and this zone is highly critical for the next big move. On 1D chart, both a Bearish OB and a FVG are aligned at this level — signaling a high-probability reversal zone.”
He’s pointing to the fact that key resistance structures are clustered here, which means BTC price could either break out or face another harsh rejection.
@CryptoPatel / X What Happens If Bitcoin Breaks Out?
Crypto Patel believes that if BTC manages to break through this high-pressure zone, the rally could get explosive. His price targets range between $120,000 and $130,000, assuming that the momentum holds and volume confirms the breakout. Patel also highlighted the strength of this setup, noting that the potential downside risk is low, just about 4% below the ATH, while the upside reward is substantial.
This kind of risk-reward ratio is what traders live for, especially during macro breakout phases like this one. Patel concluded his post by urging traders to manage risk and have a plan, reminding his followers that even bullish setups need discipline.
Read Also: XRP Breaks Away from the Pack: Q1 Growth While BTC, ETH, and SOL Shrink
If BTC Gets Rejected Again
But what if the BTC price fails to break above the ATH convincingly? Crypto Patel also warned of this possibility. In that case, he expects Bitcoin to fall back below the $100,000 level, potentially setting up for another retest of lower support zones. This scenario would frustrate the bulls and likely shake out a lot of late entries, especially those who entered on fear of missing out.
The bottom line is that BTC price is at a major crossroads. Whether it smashes through the ATH or gets rejected again will shape short-term market sentiment. One thing is certain: everyone is watching this level. And as Patel put it, “Always trade with a plan.”
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