May 2025 Breakout: Strong and Sustainable
The May 2025 breakout is a clear and powerful move above the $111,000 level. It followed months of steady accumulation, forming higher lows within a well-defined ascending triangle. This bullish structure, combined with a clean breakout candle and no immediate rejection, suggests strong market confidence and a possible entry into price discovery.
November 2021 Breakout: Weak and Unsustainable
In comparison, the November 2021 breakout around $67,000 lacked the same strength. Although it broke resistance, the move was short-lived. Price quickly reversed, failing to hold above the breakout zone and eventually breaking below the ascending trendline. This behavior indicated a bull trap rather than a sustained rally.
Conclusion: 2025 Breakout is Stronger
The May 2025 breakout stands out due to its solid technical setup, stronger momentum, and clean follow through. Unlike the 2021 attempt, it reflects genuine buying interest and is more likely to lead to continued upside.
Caution: Breakouts Still Require Confirmation
Despite the strength of the current move, breakouts can fail. Traders should watch for sustained volume, follow-through in price action, and avoid chasing the market without a solid risk management strategy. A retest of the breakout zone could provide a safer entry and better confirmation of trend continuation.