Bitcoin price has been holding strong above the $100,000 level for 44 straight days, and that hasn’t gone unnoticed. While other parts of the crypto market are all over the place, BTC is showing steady strength.
In a post on X, market analyst BATMAN pointed out that this kind of price stability could be setting the stage for a move toward $120,000. He called it a sign of resilience, especially in a market that’s been far from easy.
He also mentioned that this stretch above $100K might mark the beginning of Bitcoin’s next major move, possibly the final phase of the Wyckoff accumulation cycle, a pattern that often comes before a breakout.
Consolidation Patterns Suggest Strong Accumulation For BTC Price
The Bitcoin price chart shows weekly price action in 2022 in terms of projected levels through 2026. It shows three downward consolidation phases: one in 2023, another in 2024, and the present one in 2025. In each of these phases, Bitcoin can be seen to pull back in a very orderly fashion before it makes a strong move to the upside.
Source: X/BATMAN
In each instance, price formed a downward-sloping structure and then broke out sharply. The current pattern, formed over several months in 2025, mirrors these earlier setups. The $100,000 level is now acting as the key base in this third phase.
Bitcoin Price Key Support and Resistance Zones Defined
BTC price is trading just above major support near $100,000. This zone is both a psychological benchmark and a technical level based on recent consolidation. Holding above this area suggests strong buying interest.
Looking forward, the charts show $120,000 as the next immediate target. Further out, longer-term predictions envision resistance in the $140,000 to $150,000 zone. These targets reflect historical breakout behavior and match the pattern of increasingly larger rallies after each accumulation phase.
Read Also: Why Is the Crypto Market Down Today? Bitcoin Dips Toward $100K as War and Liquidations Rock Markets
Furthermore, the structure presented in the chart follows the logic of the Wyckoff reaccumulation model. Each pattern phase represents a stage in accumulation, with the final breakout phase yet to unfold. Near-term prospects are good, with the weekly trend moving higher with very little downside volatility. If the structure holds, Bitcoin price could be positioning for another long rally.
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The post Bitcoin (BTC) Price Hasn’t Dropped Below $100K in Over a Month – Here’s What That Means appeared first on CaptainAltcoin.
