Bitcoin reclaims $88K and consolidates near $109K, mirroring breakouts seen from $32K and $58K in earlier cycles.
$1.74B in short leverage stacks near $111,955 as bulls hold key support, setting up for a breakout above $115K.
Weekly closes above reclaimed zones confirm structure, with upside targets between $130K and $142K growing more likely.
Bitcoin has reclaimed critical structural support near $88,000, setting the stage for its next bullish continuation phase. Analysts now point to a tightening consolidation below resistance that mirrors previous macro breakout setups.
Bitcoin Maintains Structural Momentum Above $88K
Bitcoin has maintained strong weekly closes above $88,000, aligning with past breakout zones seen since 2023. This base structure mirrors prior price discovery setups, showing consistent support-resistance flips before major trend continuation.
According to market analyst Rekt Capital, Bitcoin has followed a clear sequence: breakout, retest, then continuation, repeatedly validating trendline support. In July 2023, Bitcoin confirmed strength above $32,000 and rallied into $58,000 by April 2024. After the halving, Bitcoin stabilized under $73,000 before blasting through resistance into the $85,000–$88,000 zone. From there, it revisited support and began forming a new base near $109,000. This recent structure echoes earlier macro consolidation phases that preceded breakout runs.
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Bitcoin trades at $109,023 and coils tightly under the red-marked resistance band. Historical breakouts from $26K, $32K, and $58K show similar setups. This structure reflects the familiar roadmap—reclaim the zone, hold weekly closes, and power upward.
Potential Upside Above $115K
Bitcoin's current range presents a new setup between $109,000 and $120,000 with a resistance band at $130,000–$142,000. This zone is highlighted on the map as the next breakout target if momentum persists.
According to Gordon, the liquidation map shows cumulative short leverage reaching $1.74B at $111,955, confirming rising bearish pressure above current levels. Stacked longs sit below $109,000, showing bulls are still defending the base. A push above $115,000 could flip that level into support and spark fresh upside. The chart also reveals heavy 25x and 50x leverage at $111,955, marking it as a short-term battleground.
https://twitter.com/AltcoinGordon/status/1942885690347278398
Bitcoin’s long-term uptrend stays intact as green zones hold and higher lows build across weekly timeframes. Leverage continues rising above while structure confirms bullish momentum, clearing the path toward the $130,000–$142,000 region.
Breakout Structure Mirrors Prior Cycles
Could this structural setup repeat the explosive moves seen in 2023 and 2024? With each resistance retest producing a stronger rebound, Bitcoin's momentum appears far from exhausted.
This week’s close remains critical. Bitcoin must retain its grip on the reclaimed $88,000 zone to keep the structure intact.
